DWP Announces Tax Relief Changes for Motability Scheme Starting July
# DWP Provides Update on Motability Scheme Tax Adjustments, Confirms Date
Sir Stephen Timms has disclosed vital information regarding the alterations to tax reliefs tied to the Motability Scheme, as revealed during the Autumn Budget announcement.
The Department for Work and Pensions (DWP) has confirmed that certain tax reliefs will be eliminated starting in July. This change is set to impact new agreements under the scheme but will not affect individuals with existing leases or adaptions for wheelchair users.
"Motability is an important scheme that does an important job. Some tax reliefs will be removed in July. Existing leases will not be affected, and neither will wheelchair-adapted vehicles," stated Sir Stephen Timms. This announcement underscores the ongoing commitment to safeguarding the needs of those who rely on this essential programme while adjusting to fiscal pressures.
The DWP continues to engage with those involved in the scheme to ensure a smooth transition as these changes take effect later this year.