Now that BIK treatment of DCPUs is on the HMRC’s agenda, SVA’s Managing Director Alex Wright believes the conversations should be ongoing to ensure they shape new legislation that does
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.
Company car and van operators are already submitting information of this kind directly and indirectly without necessarily giving the matter much thought. Fleet data is already fed into official records
Rates apply to employees using a company car and can be used to either reimburse employees for business travel in their company cars or if employees need to repay the
LCVs also qualify as ‘plant and machinery’, meaning the purchase cost can be written off through Capital Allowances (CAs) reducing your business profits. Until 31 March 2023 a ‘super deduction’
HMRC is very keen to ensure that employees don’t use pool cars and vans as their regular company vehicles in an attempt to sidestep company car tax. In some organisations
The name for the payment rate – which is tax-free by the way – is called the Approved Mileage Allowance Payment (which you might see shortened to AMAP). It is
Calculator has been created by AFP member David Watts of Volkswagen Financial Services Fleet and plans are underway to make the data it produces widely available across the membership body.
The current economic situation means that people are feeling the pinch and looking to make savings. Their car is one place where they may well look to reduce expenditure. There
Companies should be aware that their grey fleet responsibilities are the same as for any company car and they need to cover basics such as licence checking and ensuring drivers
Trade organisation says that the recent scrapping of the plug-in car grant scheme could indicate that the government believes the EV market has now reached a point where it can
Anyone who placed orders between 8 December and 14 December will still qualify for the old £2,500 grant, on cars costing up to £35,000. The Plug-in Van Grant has also
AER specified by HMRC is just 4ppm which, said Paul Hollick, AFP chair, completely fails to cover reimbursement of fuel costs when most individuals are now paying closer to an
The Association of Fleet Professionals says that the current Advisory Electricity Rate rate is not fit for purpose and is no longer reflective of real-world conditions and has written to
Reimbursement for the business mileage is usually offered by paying an approved mileage rate which s known as Approved Mileage Allowance Payments – often abbreviated to AMAPs. If you make
Tthe DVLA and HMRC has announced the application of the alternative fuel taxation discount to mild hybrids for both Vehicle Excise Duty (VED) and Benefit in Kind (BiK).
The new rates for all engine sizes and fuel type are effective from June 1.
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
During lockdown, many people face potential hardship and being able to avoid BiK could make a genuine difference.
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
Business Motoring is the motoring resource for small businesses and SME small fleets running company cars and business cars. We can help with questions about car leasing, company car tax, business mileage, writing down and leasing allowances, and all the other detail you need to know about running a car on the business. As well as this, we have the latest car news, company car taxation news and car reviews to help you make the right choice for your next company car, along with special car leasing offers to help you get the right business car leasing deal.
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