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Issue 18 out now · Diesel 199.2p, down 0.1p on last week · Petrol 174.1p, down 0.5p on last week

Fleet calendar // Tax

When does the 50% first-year allowance start?

It is on 1 January 2027, 63 days from today (expected).

63 days to go

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What changes

Qualifying plant and machinery spending on or after 1 January 2027, including vans, attracts a 50% first-year allowance. It does not cover cars.

Who it affects

Businesses buying vans and other plant outright.

What to do before it

Time van purchases with your accountant, since the allowance applies by date of spending.

Source

HM Treasury: Budget 2026, overview of tax legislation and rates, 28 October 2026. Expected: officially stated, but not yet in force or subject to a decision still to come.

In THRIVE's reporting

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