• No changes to the company car tax structure until April 2020 at the earliest. The Fuel Benefit Charge and Van Benefit Charge will increase by RPI.
  • No changes to the previously announced new VED structure. Rates will rise by RPI in April 2016.
  • Fuel duty at 57.95 pence per litre remains frozen at this level
  • Insurance Premium Tax (IPT) – The standard rate of IPT will be increased from 9.5% to 10% with effect from 1st October 2016. (Finance Bill 2016) (61)
  • Extension of 100% First Year Allowances for three years from April 2018 for cars emitting up to 50 g/km CO2. In the same period main rate threshold for capital allowances will drop from the current level of 130 grams to 110 g/km