Vehicle Tax change forces firms to rethink vans.
The Times reports that businesses are reconsidering their vehicle choices. This is due to new tax rules introduced by Chancellor Rachel Reeves. The problem is that the changes classify double-cab pick-up trucks as cars for tax purposes. This potentially doubles the tax bill for employees. Simon Down from Deloitte said: “Taking these vehicles under the…
Property Tax hike threatens flexible workspaces
Flexible working businesses have alerted Chancellor Rachel Reeves about potential property tax increases that could jeopardise thousands of jobs. Over 60 operators of serviced offices and workspaces, representing 27,000+ businesses, expressed “urgent and deeply serious concern” in a letter. The Valuation Office Agency has reclassified these spaces, leading to higher business rates and loss of…
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