Jeff Whitcombe of BCF Wessex decodes the Rachel Reeves Budget which has implications for employers and raised NIC, but provides continued support for electric vehicles and salary sacrifice.

With the government’s commitment to support the take-up of electric vehicles (“EVs”) by maintaining competitively low BiK tax rates from 2028 to 2030, the Chancellor has provided the clarity and certainty required by company car and salary sacrifice providers.

The BCF team have updated AFRs for Gensen as well as the Glossary and FAQs to help keep your consultants abreast of legislation and market developments. The filtering and car images have been upgraded, too.

July’s BVRLA Leasing Outlook reports that the product grew an astonishing 41.2% to reach a total of 35,134 cars. However, not all leasing brokers are offering customers the option of a salary sacrifice product. Brokers can capitalise on this growing sector of the market and open up further sales channels.