Impact of the 2024 Autumn Budget on vehicle benefit-in-kind taxation
The recent Autumn Budget, delivered by Chancellor Rachel Reeves, introduced changes to benefit-in-kind (BIK) taxation that will affect a range of vehicles, including hybrid and electric cars as well as double cab pick-up trucks. The new policies reflect the government’s push to advance the transition to fully electric vehicles (EVs) while discouraging plug-in hybrid electric […]
