Latest Company Car Tax News
Stantec UK launches EV and hybrid salary sacrifice scheme with Fleet Evolution
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.
Salary sacrifice drivers turn to online service bookings
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 insurance rules end loyalty ‘penalties’
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.
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Volkswagen Group asserts its EV authority in salary sacrifice market
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.
Low EV tax rates fuel salary sacrifice offers
Zero or very low benefit-in-kind tax rates on electric cars introduced by the government in April 2020 had almost certainly powered the majority of a dramatic increase in salary sacrifice schemes.
Salary sacrifice and company cars
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 [...]
What is a pool car?
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 [...]
How to manage a company car programme
A company car scheme is run for varying reasons, but mostly because there are a number of employees who need to use a vehicle to carry out their business.
Taking a taxi into the world of vans
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.
Changes to car tax – how will they affect you
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
TMC urges Treasury to scrap diesel BIK surcharge
TMC said such a move would reflect real-world cost constraints and restore badly-needed confidence to the UK’s hard-hit new car market.
Five fibs which could invalidate insurance
The consequences of withholding or giving false information to obtain cheaper car insurance can be severe. Far from saving money, being untruthful can be costly.
Is it a van or is it a car – the taxman decides
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.
Coronavirus – effect on BiK, tax and salary sacrifice
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.
New study highlights increased costs from WLTP and taxation
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.
Lockdown – should you still be paying BiK tax?
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.
Lower EV tax rates to increase chargepoint demand at work
Companies should look to install charging infrastructure and implement policies to manage demands and prevent conflicts.
Car tax and the Budget: A fuel tax hike needs to go hand in hand with incentives
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.
What you should know about fuel benefit tax
Advisory Fuel Rates apply when you either reimburse employees for business travel in their company cars or when you require employees to repay the cost of fuel used for private travel.
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