Latest Company Car Tax News
Octopus EV calls for clarity on BiK rates for EVs
As drivers enter new lease agreements this year that will take them into 2028, Octopus has called on the Government to provide clarity on what these tax rules will look like beyond this date.
Raving about RAV – Toyota RAV4 PHEV
The RAV4 Plug-in retains all the qualities that have made the fifth generation RAV4 so successful since its launch in late 2018. This includes the dynamic benefits of the low centre of gravity and high body rigidity inherent in the Toyota GA-K vehicle platform. It also comes as standard with AWD-i intelligent all-wheel drive. The Plug-in is a complementary model to the RAV4 Hybrid, consolidating Toyota’s electrification programme.
Fuel freeze welcomed but no good news for EVs
Fuel freeze extension provides much-needed stability and respite for drivers who have been grappling with rising living costs and fuel prices. By maintaining the current fuel duty rates, the Chancellor has effectively alleviated some of the financial burdens on households and businesses alike.
Companies turn to short term leases to address grey fleet challenges
Liquid Fleet says a short-term lease car makes sense as it provides a new or nearly new car in A1 condition that is adequately insured for business use. It gives peace of mind to managers that their employees who travel sporadically on company business are driving a well-maintained car which is something more difficult to manage when they use their own private car.
Impressive Tusker fleet growth pushes fleet to 75% EV
Despite record rises being seen in insurance costs for owner-drivers, Tusker is continuing to focus on the affordability of driving an electric car through a salary sacrifice arrangement and the company’s policies remain cost effective. With amounts fixed for the duration of the agreement, and with BIK rates published until 2028, drivers are fully aware of their monthly commitment for the duration of their agreement.
February registrations best for 20 years
It was the 19th month of consecutive growth, which has primarily been driven by fleets investing in the latest vehicles. Indeed, fleets and businesses were responsible for the entirety of February’s increase, with registrations up 25.2% and 15.5% respectively. Private uptake continued to struggle, with a 2.6% decline to record a 33.7% market share. February is traditionally volatile as the lowest volume month of the year, with buyers often electing to wait until March and the new number plate.
New hybrid powertrain for Citroën models
Based on the latest compact and lightweight hybrid technology, this new efficient Hybrid 136 powertrain features a 48V battery pack coupled to a new 1.2-litre PureTech petrol engine. The new hybrid powertrain offers up to 1km of electric-only range for low-speed urban cruising, improved fuel economy, and a 20% reduction in CO2 of up to 26g/km compared to the existing PureTech 130 EAT8 engine, meaning fewer trips to the pumps, a reduced rate of Vehicle Excise Duty and a lower rate of Benefit-in-Kind Tax for company car drivers.
Fleets should redouble efforts on drug-driving
There is a perception among some fleets that prescribed medication was more of a problem than illegal drugs when it came driving, but that these latest reports suggested this is not necessarily the case. There is an assumption by some employers that use of illegal drugs among drivers is very limited but there are increasing signs this maybe untrue. It appears that legal drugs prescribed for medical use and those taken for recreational purposes are both potential issues.
Carbon reporting becoming bigger part of fleet management
Carbon reporting so far tended to affect larger and often multi-national fleets but there are signs that the measures would affect more businesses over time, not just on a potential statutory basis, but because larger customers were increasingly demanding it from a supply chain compliance point of view.
UK risks missing ‘golden’ investment opportunities in green revolution
Leading environmental experts, including Oxford University and the Arup Group, have forecast that new green industries could contribute $10.3 trillion to the world economy by 2050. However, the government and now the government-in-waiting have both rowed back on commitments to invest in the industries that will drive this change.
Launch report: A more affordable Kia EV9
Kia is adding an entry-level model to its recently launched EV9, a large flagship electric SUV to take on the likes of the Range Rover.
Fleetcheck launches new free inspection software
Fleet software and management specialist Fleetcheck has launched new free inspection software that can be employed by any business operating cars or vans.
Understanding the consequences of driving without insurance in the UK
Driving without insurance in the UK can lead to severe penalties and legal consequences. If you have been caught driving without car insurance or have been accused of allowing someone [...]
BYD debuts PHEV Seal SUV at Geneva
BYD has revealed a new plug-in hybrid SUV version of its Seal saloon at the Geneva Motor Show.
Geneva unveiling for first hybrid MG 3
The second-generation MG 3 supermini has been unveiled at the Geneva Motor Show with a hybrid powertrain and a completely new visual design.
Renault Scenic E-Tech wins Euro Car of the Year title
Renault's revival of the Scenic nameplate has earned the French manufacturer its first European Car of the Year award in 18 years.
HMRC changes advisory fuel rates
The latest quarterly review of advisory fuel rates by HMRC has seen changes to the amounts of fuel costs that company car drivers can claim back from their employer.
Ayvens inks 500,000 new-vehicle deal with Stellantis
Global leasing and fleet-management provider Ayvens has reached an agreement with OEM Stellantis that could add up to 500,000 new vehicles to Ayvens fleets across Europe.
Fusilier is first full-electric 4×4 from Ineos
Ineos has revealed the Fusilier, the brand's third 4x4 model and the first with a full-electric powertrain.
MG to launch IM electric brand at Geneva
MG will unveil the IM L6 saloon at the 2024 Geneva Motor Show, the first in a new line of premium-sector battery-electric vehicles scheduled to launch in Europe in 2025.