The Chancellor’s Spring Forecast has no new announcements, but several changes from the Autumn Budget will impact fleet managers and company car and van drivers starting in April.
The £40,000 Expensive Supplement threshold for zero-emission cars will not increase as hoped. Cars from £40,000 will have an extra £425 charge from the second year.
Benefit-in-Kind rates for zero-emission vehicles will start at 3% in 2025, rising 1-2% per year until 2029/30.
Employer National Insurance Contributions (#NIC) will rise from 13.8% to 15%.
Double cab pickup trucks will be treated as ‘company cars’ for BIK and capital allowance purposes.
The Van Benefit Charge for company vans used privately increases to £4,020.
Plug-in grants are now limited to wheelchair-accessible vehicles, and motorcycles, and mopeds. Grants for vans are available.
Zero-emission vehicles will no longer be exempt from the London Congestion from December 2025.