The UK government has published new tax rates to apply to company cars up to 5 April 2025, meaning it is likely that these tax advantages will continue until at least this time.
If the Benefit in Kind rules, the road tax rules or any applicable vehicle duty, licence or levy, do change and these changes become applicable during the term of the scheme, then the monthly rental cost under the scheme may be increased accordingly.
If a change in tax rules means there is no longer a tax advantage in operating the scheme, we may withdraw the scheme, and no new cars will be delivered after the withdrawal date. This will not affect existing agreements.