Employees will be able to lease up to two vehicles for two, three or four years. Subject to surveys, each lease holder will have an electric vehicle (EV) charge installed at their property, and for every five leases, there will be a charge point installed at a Stantec UK office ensuring employees can charge while at work and alleviate range anxiety.
Online bookings have moved from 12% in 2020 to 37% in 2021 as drivers have made a significant switch from telephone bookings to using the Fleet Assist’s web portal or Tusker’s API link. Whilst over 60% of drivers still make their service booking via a telephone call Tusker believes the trend to book online is set to grow.
New rules enforced by the Financial Conduct Authority (FCA) mean that premiums charged to anyone renewing their private motor insurance can no longer be greater than the price offered to new customers for an equivalent policy. Now, you can expect your insurance policy to be on a level pegging for new and loyal customers alike.
Customers now have a much wider choice of models, many of which are from mainstream manufacturers and very competitively priced, and they are more willing to be a little more adventurous in their choice of vehicle. At the same time, more employers, in a very competitive labour market, are realising that a salary sacrifice electric vehicle scheme is an excellent way of attracting the best talent and so are willing to make such schemes more widely available.
SALARY sacrifice is a formal agreement between employee and employer to sacrifice some salary for a new car. Salary sacrifice is sometimes used as an alternative to the provision of a company car. However, Chancellor Philip Hammond announced changes from April 2017 in the 2016 Autumn Statement. This reduces some of the previous tax and NIC advantages of salary sacrifice [...]
A POOL car is a company vehicle that’s available for use by one or more employees of that company. It can be a pool van, as well. It's called a pool car, because it is an asset that can be used by everyone in that organisation: 'pooled use'. However, HMRC is very keen to ensure that employees don’t use pool cars [...]
VN5 uses with the same reliable, hard-working construction as LEVC’s highly successful TX taxi with flexible zero emissions and a range of over 300 miles via LEVC’s innovative eCity electric technology. Impressively, VN5 can offer 60 miles pure electric range and a pure EV city range of 75 miles.
While tax increases and changes in tax law are inevitable and even necessary, if not always welcome, it’s already been a difficult year for Britain’s motorists, and proposed tax changes are unlikely to make it any easier
The distinction between a van and a car can have significant implications for tax particularly with respect to how they are treated for benefit in kind purposes – a van would generally have a lower benefit in kind charge than a car.
Now could be an ideal time to review fleet policy to look at introducing a number of new, tax-efficient vehicles to choice lists for drivers to consider when we come out of lockdown.
It's clear that some sectors are more affected by WLTP than others, which will undoubtedly drive a change in the shape of the UK car parc.
Is it justifiable taxing people on a benefit when that benefit is not really available for use? That’s what is happening at the moment with company cars and vans that can’t be used except for essential travel.
Companies should look to install charging infrastructure and implement policies to manage demands and prevent conflicts.
An increase in fuel duty for conventional internal combustion engine (ICE) vehicles of 2p per litre could raise £4bn over the next five years, whereas a continued freeze on fuel duty could cost the Treasury £1bn a year.