Business, Taxation & Finance Guide for Light Commercial Vehicles (LCV) 2024 TO 2025

Updated: March 2024

Transporting goods easily and safely across countries is essential for supply-chain stability and economic growth. With increasing pressure to reduce CO2 emissions from both customers and government policies, making the right vehicle choice is now even more important to businesses.

This guide explains what the main areas of automotive Finance and Taxation are and, more importantly, what they mean in a day-to-day context.

HOT TOPICS

From Clean Air Zones and Intelligent Speed Assistance to access to EV charging, these are the hot topics impacting commercial road users and fleet managers today.

FINANCE PRODUCTS

Lead business customers to the right finance product for their needs with this guide to Contract Purchase; Hire Purchase; Contract Hire and Finance Lease.

COMPANY TAXATION

Whether it’s Income Tax for sole traders and partnerships or Corporation Tax for limited companies, keep up to date with the latest tax rates.

TAX ALLOWANCES

Regardless of whether a vehicle is purchased or leased, these are the latest Capital and Revenue Allowance rates that businesses can claim back from HMRC.

LCV SPECIFIC TAX

There’s an LCV for any business need – whether it’s a van, pickup truck, car-derived van, commercial 4X4 or dual cab, these are the latest LCV-specific VED and BIK rates.

USEFUL CONTACTS

From the DVLA to the Road Haulage Association, this is a guide to some of the UK’s biggest automotive organisations, both in Government and the private sector.

GLOSSARY

Your A-Z on all technical terms relating to UK Automotive Business and Commercial Vehicle Finance.