EVs come in many forms, each with a differing reliance on electricity to power their engines. These differing engine types mean that their performance and capabilities vary, therefore, it’s important to identify your driver’s needs as soon and as accurately as possible, as you are then best placed to match them with the engine type that will work specifically for them.
With working from home set to be the new-norm for the foreseeable future, Venson Automotive Solutions has put the spotlight on employee contracts for the benefit of fleet managers.
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 scheme takes advantage of this month’s change in Benefit in Kind taxation rates, which drop from 16% to 0% for electric vehicles.
LIVE in a big city and want the flexibility of having a car only when you need one but without the expense of buying your own or paying tax on a company car? Then a car club - car sharing -could be the answer. With a car club you have access to a choice of new cars and vans parked in an area [...]
Salary sacrifice is an agreement where an employee accepts a lower salary but in return receives a benefit from their employer.
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 [...]
HMRC has reminded employers that they must report salary sacrifice and cash allowance agreements on form P11D using the new OpRA rules
PENDRAGON Vehicle Management (PVM) has rebranded its employee car benefit scheme targeting salary sacrifice with Pendragon Let’s Drive launched to replace the SimplyDriveIt brand. The rebrand rejuvenates PVM’s employee benefit scheme with a fresh new look and a focus on low tax and low emission vehicles, targeted at the users who most benefit from a salary sacrifice vehicle. Drivers can enjoy a [...]
CASH-FOR-CAR is usually provided by employers as part of a flexible benefits package. Given the choice of a company car or a cash alternative, the cash in the bank might well prove more attractive to you as an employee, especially if your own car is in good condition and suits your lifestyle well. Or rather than taking the stock company [...]
The MINI Countryman S E ALL4 is the first production plug-in hybrid MINI, available in the largest model - the latest Countryman SUV with just 49g/km CO2. Is it right for your business motoring?
Knee jerk decisions following this week's Finance Bill reading may leave you ‘washed up’ says David Bushnell, product manager – mobility, at Alphabet The reading of the Finance Bill in the House of Commons ‘wash up’ sessions has revealed that Optional Remuneration Arrangements (OpRAs – or ‘salary sacrifice’ as we more commonly know it) and the Vehicle Excise Duty changes have been included [...]
VEHICLE supply and fleet management specialists CVM have announced that Aon Plus, Carlsberg and cruise giant Carnival have added iLease, CVM’s on-line vehicle personal contract hire (PCH) platform, to their own staff benefits platform. Further, all three have appointed iLease as their sole supplier for all PCH products. It all amounts to another round of glowing endorsements for CVM’s iLease, which [...]
2016 Autumn Statement: Key points Tax savings on salary sacrifice and benefits in kind to be stopped from April 2017, with exceptions for ultra-low emission cars (see below), pensions, childcare and cycling - but existing arrangements protected until 2021 New definition for ultra low emission cars to be announced on December 5 Insurance premium tax to rise from 10% to [...]
TUSKER, a specialist in salary sacrifice schemes, has reacted strongly to the news of the government’s HMRC consultation on ‘Salary sacrifice for the provisions of benefits in kind’. In particular, how much salary sacrifice cars contribute to the UK economy. Analysing cars ordered through its salary sacrifice schemes, Tusker says that the positive tax contribution for cars delivered in 2016 is [...]
THE BVRLA has said it will lobby government strongly to make the case for salary sacrifice car schemes: that should receive special consideration as part of HMRC’s consultation on future salary sacrifice tax treatment. The BVRLA's stance follows the government announcement that it is concerned about the rising costs of some salary sacrifice schemes and is considering limiting the Income Tax and National Insurance [...]
THE head of consultancy services at LeasePlan warns on salary sacrifice changes in terms of timings and company car tax conflict in response to HMRC's consultation on changes. Matthew Walters' comments draw specifically on what the proposed approaches will mean for businesses that provide car related benefits through a salary sacrifice scheme. See our report Salary sacrifice under threat from HMRC. He says: [...]
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 [...]
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 [...]
THE BVRLA has responded to a government tax policy review with consultations on three key areas affecting the fleet sector – salary sacrifice schemes, lease accounting and company car tax treatment of ultra-low emission vehicles (ULEVs). The BVRLA has welcomed the clarity that these consultations provide on the government’s policy positions, and will work with its members to ensure that the [...]
