The British Vehicle Rental and Leasing
Association (BVRLA) has asked the UK government to extend to
leasing companies its support for early adopters of electric
vans.
The trade association said that in its
forthcoming Budget, the Treasury should include lessors among the
beneficiaries of a 100 percent first-year allowance – to enable
firms buying electric vans to offset their full cost against their
corporation tax bill in the first year.
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BVRLA chief executive John Lewis said: “We are
still waiting for a response on this issue. The van market is in
the doldrums and in the current economic climate most companies
cannot afford to go out and buy new vehicles outright.
“Many of them turn to a leasing provider and
our industry is absolutely vital to the new van market,” he
added.
The BVRLA has also asked the Treasury to
ensure that its tax incentives incorporate all zero tailpipe
emission vehicles, and not just electric ones.
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By GlobalData
