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 [...]
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.
Fleets and company car drivers delayed replacing their company cars as they awaited tax clarity from the Government., now the new rates have been published, a new layer of complexity has been added to what was already a far from clear picture.
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 [...]
Government announces a freeze on company car tax for fleet cars and the introduction of a zero Benefit-in-Kind rate for fully electric vehicles as part of its WLTP review.
If there was an end to austerity announced in the Budget 2018, company car drivers won't feel the effect with no change in taxation
The fleet decision makers' organisation ACFO is lobbying the Chancellor for long-term visibility on company car tax in the forthcoming Budget
The Business Motoring Week, August 17, 2018: the editor's take on the business motoring week including why a change to company car tax needs to be brought forward; small van fleets are going big on vans; emissions based car parking in the City; SEAT decides to de-clutter car choice; and our new Car and Van Leasing Directory
Company car tax tables are essential to help you work out the benefit in kind tax payable on your company car. Our tables show the percentage bands for 2018/19-2020/21 and include a downloadable pdf version for the first time
This week we had the Chancellor's Spring Statement. But with no forward visibility on future company car taxation levels, how anti-business is the Government's policies becoming? Talking of which, the Government is under the cosh for clean air - so what's happened to the Plug-in Car Grant? Amongst all this, the FCA gave us an update on its investigation in motor finance - you know the one, which got the media in such a froth of indignation. All this and more in the The Business Motoring Week, March 16.
Thanks to a change in the Scottish taxation system, company car drivers resident in Scotland will pay higher company car tax. On top of the company car tax changes this April