Claeys & Engels’ Post

💰 The issue of local taxes on #ChargingPoints is currently observed primarily in Brussels, but the sector is concerned it could spread to other regions of #Belgium, potentially negatively impacting the business of charging point operators. Below, Mobility Portal Europe provides an analysis of the situation. Full story 👉 https://lnkd.in/d29h5Jp2 📲 Follow us on our social media: INSTAGRAM | Mobility Portal: https://lnkd.in/dpb3wPqi INSTAGRAM | Mobility Portal EU: https://lnkd.in/d6qE9TVK TWITTER: https://lnkd.in/d7bAmMbr 💡 Mobility Portal Group helps you connect with key players in the sustainable mobility sector. If you want to position your brand and stay updated on the latest trends, contact us at commercial@mobilityportal.eu Philippe Vangeel Jochen De Smet Matthijs Keersmaekers Byron Soulopoulos Romain Denayer Wim Broos An De Pauw Bart Massin Steven Leeten Maarten Michielssens Laurens De Greef Stijn Keppens Jonas Haustraete Sven Gatz Bernard Clerfayt #EV #electriccars #renewableenergy #enviroment #zeroemissions #emobility #electricmobility #electromobility #chargingpoints #Europe

[TAXATION OF COMPANY CARS] The Council has approved the draft Grand-Ducal regulation to amend the existing regulation from 23 December 2016, concerning the taxation of company cars provided by employers. Acknowledging the importance of the energy transition and the role of vehicle electrification, the Council has decided to extend the favorable rate for determining the monthly value of the benefit in kind for 100% electric vehicles for an additional two years, until 31 December 2026. This measure aims to promote electric mobility and support the decarbonisation of Luxembourg's vehicle fleet, aligning with the goals of the Integrated National Energy and Climate Plan. Notably, two-thirds of electric vehicles are currently registered by companies. 👀💻 Read more here: https://lnkd.in/eyPs2Hgn 👉 Follow #BDOLuxembourg   #IncomeTax #CompanyCar #BenefitInKind #ElectricMobility 

Disappointing news today as the UK government has refused to apply a 'fair tax for a fair transmission', instead public charging will remain at 20% VAT. This decision could discourage drivers from transitioning away from fossil fuels and keep the UK in the shadow of our European counterparts when it comes to government support and incentives. It's crucial for the UK to provide support and incentives for the transition to electric vehicles and a drive towards net-zero emissions. Let's hope for a change of heart from the government and a commitment to a sustainable future. #ElectricVehicles #NetZero #Sustainability

Below are some of the #Tax Measures to Support #ClimateAction included in #Budget2025: Ø Carbon Tax - The rate per tonne of carbon dioxide emitted for petrol and diesel will increase to €63.50 from 9 October. Ø Emissions based approach VRT for Category B Vehicles - This proposal will introduce a lower 8% rate for category B vehicles with CO2 emission of less than 120 grams per kilometre with a view to incentivising uptake of lower emissions vehicles. Ø A VAT reduction to 9% for heat pumps is proposed from 1 January 2025 to incentivise homeowners to install heat pumps. Ø Accelerated Capital Allowances for Gas & Hydrogen Vehicles for companies and unincorporated businesses who invest in such vehicles Ø BIK exemption where an employer incurs an expense in connection with the provision of Battery Electric Vehicle (BEV) home chargers of a director or employee.  Ø Emission thresholds for vehicle capital allowances. From 1 January 2027, an expenditure of €24,000 will be allowable for cars with CO2 emissions of 0-120g/km.

A future without fuel duty? It's been a week since the Budget, where the Chancellor once again froze fuel duty in the UK. Electric vehicles (EVs) are becoming increasingly popular, but they present a challenge for governments that rely on fuel duty for tax revenue. In this article from my colleague Maria B. with contributions from Kimela Shah and myself at Oxera Consulting LLP, we explore the UK's situation and the challenges of transitioning to a future where EVs dominate the roads. The future of transport is electric, and the way we tax drivers needs to adapt. #ElectricVehicles #FutureofTransport #Taxation #Economics Read the full article here: https://lnkd.in/etH2hQ-J What are your thoughts on the future of fuel duty? Share your comments below!

An important step towards a greener future has been taken as the Income Tax (Clean Transport FBT Exclusions) Amendment Bill enters the spotlight in Parliament. 🏛️ This proposed legislation could revolutionise our roads by incentivising the adoption of electric vehicles (EVs) through a five-year Fringe Benefit Tax (FBT) exemption. Julie Anne Genter, from the Green Party, underscores the significance of this bill in aligning with our nation's climate objectives. She points out the urgency in addressing the recent decline in EV imports and the looming Road User Charges, highlighting the need for immediate action. By extending incentives to both employers and individuals, this bill paves the way for a more accessible EV market, fostering a sustainable shift in transportation. Let's rally for cross-party support to ensure this legislation becomes a reality, propelling us towards a cleaner, greener future! https://lnkd.in/gmg_bzvf #SustainableTransport #ElectricVehicles #ClimateAction 🌿

🚗 Balancing Electric Vehicle Taxation with Switzerland’s Climate Goals As electric cars increase, Switzerland faces a funding gap due to declining mineral oil tax revenues. The Federal Council plans a replacement levy on EVs by 2030, but the risk of slowing uptake remains. A recent study shows most Swiss residents support a levy based on weight, performance, and distance 💡 . What do you think—should EVs be taxed to fund road infrastructure? Share your thoughts below! For more information ▶️ https://lnkd.in/ef9YA7E2 International Energy Agency (IEA) #EV #ElectricVehicle #Sustainability #Innovation #Decarbonisation

In today's #budget, what did we see on transport? Rt Hon Rachel Reeves has announced: 🚈 Investment in regional rail ✈️ Increases to air passenger duty 🚗 Support for the automotive sector and changes to car tax 🚌 Extending the bus fare cap, now at £3 🚫 Continuation of the freeze on fuel duty 🌍 Transport is responsible for nearly a third of the UK's greenhouse gas emissions. So the investments in public transport are welcome as it's a fairer and greener way to help people travel. It’s particularly good to see the rail network recognised as an engine for clean growth throughout the regions. 🛩️ We have long campaigned for aviation to pay its fair share of tax, so today’s announcement of a 50% increase on passenger duty on larger private jets is a big win. This is one of the most polluting forms of transport, and the tax will only impact a small affluent minority. ⚡ Electric vehicle and battery manufacturing should be a priority for industrial strategy. The £2 billion support for UK automotive industry over 5 years should focus on this. We welcome the increase in first-year vehicle excise duty on the biggest, highest polluting cars. 🚏 The government avoided a cliff-edge by extending the bus fare cap to 2025, but raising it to £3 is disappointing. People who rely on the bus need certainty, as do operators. We recommend securing the cap for the rest of the Parliament while local areas take on control of services. ⛽ The Chancellor should have lifted the freeze on fuel duty for polluting petrol and diesel. It's estimated fuel duty freezes may have cost the UK £80 billion since 2010, benefitting richer households most and leading to 7% higher CO2 emissions. Read our report on powering up the UK battery industry: https://lnkd.in/eTyS9W58 Read our report detailing a costed 5 year plan for better, greener buses: https://lnkd.in/eQPNCx3Y Read our briefing on transport's revenue raising potential: https://lnkd.in/e9xqTmtu #Transport #AirPassengerDuty #Budget #AutumnBudget

Budget Week! What do you want from it? Well you know my answer to that I am sure!! A good deal for the Van sector! In a week where we have the opportunity to influence government directly via a Parliamentary Roundtable debate with key MP's and Ministers involved (Thanks BVRLA and Rachael Hewish), we need government to show they have heard! For me this would mean: ⚡️Dedicated support, for a Van sector WORTH £1.6 BILLION PER DAY ⚡️Continuation of the Van Grant beyond April 2025 (Given we a plateaued market, at best!) ⚡️To postpone the reintroduction of VED on Vans (if ignored cost british business that have supported a move to zero emissions 10's of millions) ⚡️Support for dedicated fit for purpose Van charging be it depot or public ⚡️Support for a used Van market that is brutal for Electric Vans ⚡️Support for SME that have yet to fully embrace moving to zero emission There is lots more that we need of course, to do with legislation, hearts and minds stuff etc, but these areas are where we need financial help and certainty!! What do you think? #commericalvehicles #electricvehicles #budget Logistics UK BVRLA REA Association of Fleet Professionals (AFP) The EV Café

Circular 2024/C/77 on the reimbursement of electricity costs by the employer for charging a company car at home Visit www.ihtf.be Tax Implications for Reimbursements: The circular clarifies that reimbursements for electricity costs from employers are non-taxable for professional travel but taxable for commuting or personal use, with specific exemptions and limits for employees. Support for Green Initiatives: Employers can provide home charging stations and reimburse electricity costs as a single non-taxable benefit under certain conditions, promoting the use of electric vehicles. Measurement and Implementation: Accurate communication of electricity usage is required for reimbursements, with specific standards set to take effect from January 1, 2025, while prior reimbursements may be evaluated flexibly based on good faith. https://lnkd.in/eKuiC-57