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SMMT wants the RPC to be re-evaluated
Page 8
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THE SOCIETY of Motor Manufacturers and Traders (SMMT) is asking the government to reconsider the Reduced Pollution Certificate (RPC) framework to encourage the adoption of Euro-5 trucks.
Robin Dickeson, CV affairs manager at the SMMT, says: "We would like the government to improve access to finance and credit through a scrappage scheme for LCVs and the restructuring of the RPC and capital allowance frameworks for HG Operators that purchase Euro-5 44-tonners before 1 October can save L500 per year on road tax for the vehicle's life, but the annual saving for a 7.5-tonner is just l',5. The annual investment allowance (the amount a business can write off against taxable profits during the period of purchase) currently stands at £50,000. The SMMT proposes a ten-fold increase to £500,000.
Nigel Butler, sales and marketing director at Renault Trucks UK, says: "If the government were to use the RPC, capital allowance and scrappage plan as part of a package to stimulate the market then it could have the desired effect."
A decision, if any, is expected in the Budget on 22 April.