Salary sacrifice and company cars

By |2021-07-21T11:49:49+01:00July 1st, 2021|Company car tax, Salary sacrifice|

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 [...]

Salary sacrifice under threat from HMRC

By |2017-11-20T12:34:33+00:00August 16th, 2016|Car news and reviews, Company car tax, News, Salary sacrifice|

THE salary sacrifice car perk is in the crosshairs of the government. Jane Ellison MP, financial secretary to the Treasury, has issued a salary sacrifice consultation to look at the future tax treatment of such benefits. The government highlighted its interest in this area of employee provision at Summer Budget 2015, saying it was concerned at the way benefits had [...]

Top honours for Tusker’s salary sacrifice

By |2017-11-20T12:32:07+00:00October 28th, 2015|Company car tax, Salary sacrifice|

TUSKER'S salary sacrifice scheme has won two of the most highly coveted accolades at the 10th Annual ACQ Global Awards,  the company winning UK Tax Initiative of the Year and CEO David Hosking honoured for UK Game Changer of the Year. The ACQ Global Awards honour organisations and individuals that have had the greatest impact on industry during the past calendar year.  Companies [...]

Lex Autolease salary sacrifice scheme’s a hit with Speedy Hire staff

By |2017-11-20T12:31:53+00:00October 12th, 2015|Company car tax, Salary sacrifice|

SPEEDY, the tools, equipment and plant hire services company, has successfully launched a salary sacrifice scheme with the support of its long-term leasing partner Lex Autolease. The Merseyside-based business launched the scheme in March and has already surpassed targets set for its first year, with 20 per cent of the workforce registering their interest and 100 cars ordered to date, [...]

Hidden employer benefits of salary sacrifice cars revealed

By |2017-11-20T12:27:46+00:00January 15th, 2015|Company car tax, Salary sacrifice|

Enough to put a smile on anyone's face AS most of the UK’s population has now put the Christmas and New Year festivities well behind them, Fleet Evolution has revealed insight into hidden employer benefits of salary sacrifice cars. Fleet Evolution has compiled data to show that 80% of new cars are given to employees who have never [...]

How salary sacrifice schemes can work for SMEs

By |2017-11-20T12:24:38+00:00April 2nd, 2014|Company car tax, Salary sacrifice|

SALARY sacrifice. This is a term that many SMEs know but that's as far as it goes. However, salary sacrifice could save both you  as an employer and your staff that take up the scheme a chunk of money each year. If you want to offer a valuable perk to your employees and encourage a cost effective and environmentally friendly [...]

Company car salary sacrifice is exaggerated, says ACFO

By |2017-11-20T12:17:55+00:00March 20th, 2012|Company car tax, Salary sacrifice|

ACFO chair: Car salary sacrifice schemes have miniscule appeal says Julie Jenner Author: Robin Roberts Company car salary sacrifice schemes are over-hyped and outweigh real-world take-up, according to leading fleet decision-makers' organisation, ACFO. Its online survey of members and non-members operating almost 27,000 company cars and employing almost 250,000 people, revealed 1,464 cars were being operated via a [...]

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