Budget 2020: The government has confirmed a reduction of most company car tax rates by 2% in 2020/21, applicable to cars first registered from 6 April 2020.
The benefit-in-kind tax rates will return to planned levels over the subsequent years: by 1% in 2021/22, and 1% in 2022/23. Rates will then be frozen until 2024/25.
There will be a new zero percentage rate for pure electric vehicles.
From 6 April 2020, fuel benefit charges and the van benefit charge will increase in line with consumer price index (CPI).
Chancellor Rishi Sunak also announced that the freeze on fuel duties will be retained for the 10th year in a row.