questionText: To ask the Chancellor of the Exchequer, what assessment her Department has made of the projected financial impact of the new 12% premium insurance rate for Motability leases on (a) Motability users and (b) the car industry.
answerText: At Budget 2025, the government announced tax changes to the Motability scheme, which will save over £1 billion over the next five years. The VAT relief for top-up payments made to lease more expensive vehicles will be removed for new leases from 1 July 20...
heading: Motability: Insurance Premium Tax