Fleet operators across the UK are welcoming a major tax reform that could significantly reduce leasing costs for commercial vehicles. The Autumn Budget 2025 introduced a 40% first-year capital allowance for leased vans and light commercial vehicles, effective from 1 January 2026. This marks the first time leased assets have qualified for such relief, closing a long-standing gap in the capital allowances regime. Previously, only outright purchases benefited from full expensing

In the forthcoming Autumn Budget to be announced on 26 November, Chancellor Rachel Reeves is expected to announce a new pay-per-mile tax on electric vehicles (EVs), charging drivers 3p for every mile from 2028. The move aims to recoup revenue lost from fuel duty as drivers move away from petrol and diesel cars. The proposal has sparked debate over its potential impact on EV adoption and fairness for motorists. The proposed levy could have a significant financial and operation