The pre-budget report 2009 has been released showing that in the coming year there will be much more emphasis and support from the government for those who choose to use low carbon emitting transportation options. It also reports that starting in April; Excise Duty rates will be altered for motorcycles.
Among the expected changes to tax laws made in April of 2010 are a few tax breaks for those that make use of electric transportation.
All electric cars that are used as company cars will be exempt from the normal Company Car tax for the next five years, and all electric vans will also be exempt from paying the standard Van Benefit Charge for the same time period.
Additionally electric vans will come with a 100% allowance when purchased so long as they conform to the State aid rules.
Public transportation options will also be improved with £30m allotted to support better low carbon transport options across the city with the implementation of an expanded Technology Strategy Board low carbon vehicle competition.
Other benefits will also change such as the fuel benefit charge which will increase to £18,000 from £16,000 in an effort to encourage people to become more fuel efficient.
VED rates will also change for those who drive motorcycles with the two lowest bands remaining frozen but the third tier increasing by two pounds and the fourth band going up by four pounds.
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