Car/Commercial Vehicle Finance | Plant & Machinery Finance | Contract Hire & Leasing | Vehicle Sourcing | Professional Indemnity Funding | Other Finance | Special Offers | Tax Updates | Accountants/Solicitors etc
Scrappage Scheme -
As expected, the Government announced the much anticipated scrappage scheme in order to encourage drivers out of old and into new, lower emitting vehicles. From mid-May 2009, drivers will receive a £2,000 discount on cars and vans when trading in vehicles at least ten years old.
*If you have any deals that might involve scrappage allowance please contact us to check the deal against the deals we can get you. Remember the manufacturer is contributing £1000 per vehicle which it is going to have to find from somewhere.
Company car tax -
From 6th April 2011, CO2 emission thresholds for main company car tax bands will be reduced by 5g CO2 per km to 130g/km. Company car tax rules remain unchanged for 2009/10.
Vehicle excise duty -
With effect from 1st May 2009, a new 13 band CO2 based graduated vehicle excise duty system comes into force with an introduction of a £5 increase per band applying to both cars and vans.
Fuel duty -
As of 1st September 2009, fuel duty will increase by 2 pence per litre and by 1 pence per litre above inflation each year from 2010 until 2013.
Click on the link for the full BVRLA BUDGET SUMMARY.
More...