Home
Submitted by yantmk on Thu, 02/12/2009 - 16:43.

Press Releases

< Back

February 12th, 2009
Lex publish new Capital Allowances and Lease Rental Restriction report

Lex demystifies new Capital Allowances and Lease Rental Restriction legislation with publication of new report.

Lex has published an informative report that examines the implications of the new emissions-based Capital Allowances and Lease Rental Restriction, due to come into force in April 2009. ‘The Capital Allowance White Paper’, analyses the likely financial impact of the recently finalised legislation and identifies potential winners and losers.

The free report, drawn up by Lex’s consultancy arm, Lex Momentum, is an up-to-date, definitive guide released to clear up the widespread confusion surrounding the biggest legislative change in the fleet industry since company car tax was first linked to CO2 emissions in 2002. The report addresses important issues such as:

  • Write down allowances and emission categories: understanding the new rules.
  • Factors to consider when deciding whether you lease or purchase.
  • How the emissions profile of a fleet effects corporation tax liability.
  • What the wider, long-term impact of the new rules is likely to be.

The guide also provides a summary of how various vehicle price categories are likely to be affected; comparing common fleet vehicles contracted over 36 months and 60,000 total miles.

Jon Walden, Managing Director of Lex comments, “No fleet will be unaffected by this change. The good news for everyone is that it will encourage a move toward lower-emission vehicles and lower fuel bills. As with any change, though, there will be winners and losers. It’s vital that businesses act now to understand what impact the new legislation will have on them.”

‘The Capital Allowance White Paper’ can be requested free from www.lex.co.uk.

 Note to editors

About Lex
Lex is part of the HBOS group. The business owns a fleet of over 250,000 cars and vans.
Lex has a motoring heritage dating back to 1928. Today over 20,000 businesses across the UK, including two thirds of FT-SE 100 companies, trust it to provide motoring and vehicle services.
The company is the UK's largest contract hire provider of company cars and vans.
For more information, please contact Jo Thorpe, Marketing Director at Lex on (+44) 7792 888 691 or email jo.thorpe@lex.co.uk

Ends