Just had the chance to review the Chancellor's Autumn Budget thanks to a supllied summary document. Have you seen the good news and bad news ?
1/ Scrapping of the need to display VED discs on all vehicles, but not the need to pay/have it :-(
2/ The fuel duty increase of 1.6ppl has been cancelled, therefore it has not increased in nearly 4.5 years - the longest period of stability in over 20 years meaning it has decreased by 14% in real terms this parliamentary session
Now the bad news ?
3/ From 2014 the BIK for real private use of a Van as an employee rises. Current BIK for van is £3000 pa (rules changed in 2005) and fuel BIK of £564pa. Next year it will be a Van BIK of £3090 and fuel BIK of £581 pa, meaning if both are taken then you pay £734 tax, an increase of £112 over this year.
4/ Possible Road Tolls have been dropped for the foreseeable future.
Amazing what sneaks in under the headlines !
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