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BVRLA takes company car tax campaign to Parliament

Date: 22 July 2022   |   Author: Sean Keywood

The BVRLA has staged an event for MPs in Westminster as part of its #SeeTheBenefit company car tax campaign.

The organisation said more than 30 MPs attended to share their views on the EV market and find out more about the role played by BIK tax incentives.

The BVRLA's campaign is calling for the Autumn Budget to include company car tax rates beyond 2024-25, with BIK rates kept lower for longer. 

The organisation says this is particularly important for the burgeoning salary sacrifice market, with experts in this field from the BVRLA, Octopus Electric Vehicles, Tusker, and Zenith present at the event.

BVRLA director of corporate affairs Toby Poston said: "The UK currently has a world-leading policy that is democratising access to EVs. Low company car tax rates have been the single biggest driver of EV uptake to date. 

"With over 70% of petrol or diesel company car drivers due to renew within the next two years, keeping EV BIK rates low is the best way for the UK to meet its net zero targets. 

"We are delighted that so many MPs came to talk to us, signed our pledge car and agreed to support our campaign for more BIK foresight and effective long-term incentives.

"As we weather the cost-of-living crisis, drivers need to know what their tax bills will be. The government needs to keep up the fragile momentum it has created in the face of the current economic headwinds - now is not the time to accelerate tax rises."