Fleet funding - Page 26

ACFO survey aims to establish the true number of cars bought through schemes.

Employers offering company car salary sacrifice arrangements to their employees should ensure they are correctly structured and operated, following a recent tax case.

One of the first NHS Trusts in the country to introduce a car salary sacrifice scheme has retained the Leasedrive Group to deliver its mycar service.

Jaama has added yet more functionality to its Key2 Contract Hire and Leasing system, which enables leasing companies to offer car salary sacrifice schemes to their customers.

City Health Care Partnership Community Interest Company (CHCP CIC), which provides community health care in Hull and the East Riding, has appointed Tusker to provide a salary sacrifice car scheme as part of its flexible staff benefits scheme.

Just how popular are company car salary sacrifice schemes? That is what fleet decision-makers’ organisation ACFO is aiming to find out with an online survey.

Employers are being urged to check they are compliant with Government tax rules if they plan to offer their employees a car through a salary sacrifice scheme.

Rob Riddleston, head of transport and logistics, Barclays Corporate, on the impact of proposed changes to accounting rules.

Wiltshire Council has selected Tusker’s salary sacrifice car scheme, SS4C, to launch a green car scheme to its 5,000 employees.

One of the biggest and busiest acute NHS Trusts in England has retained the Leasedrive Group to deliver its green car salary sacrifice scheme, which only allows employees to choose vehicles emitting CO2 of 140g/km or less.

Funding for UK businesses to invest in their fleets of trucks, vans and other commercial vehicles has increased by 24% in the last 12 months, says LPM Outsourcing.

Hitachi Capital Vehicle Solutions has developed a new salary sacrifice car scheme known as CarFlex for KPMG in the UK to extend its benefits offering to employees.

Fleet Evolution is offering chamber of trade members the opportunity to take advantage of the benefits of salary sacrifice for cars with a free set up.

Santander, one of the world’s largest banks, has launched a new company car scheme to its UK essential business users, run by Zenith. The scheme is available to 750 eligible UK employees throughout the Santander group.

Looking at more than 3,500 cars currently supplied under its salary sacrifice car scheme mycar, the Leasedrive Group has revealed that the Audi A3 is the most popular vehicle choice among public sector employees and the Ford Fiesta is the most popular car choice for private sector employees.

Ricardo has added the salary sacrifice car scheme Tusker to the flexible benefits available to its workforce of 1,000 employees in the UK.

Zenith is providing its fully integrated Salary Exchange product for cars to UK employees of global law firm Clifford Chance. Clifford Chance is one of the world's leading law firms, with offices in 23 countries.

A car club has launched a salary sacrifice scheme where if an employee rents a vehicle they can use a portion of their pre-tax salary to pay for it.

A majority of businesses are choosing to use only one contract hire or leasing company for their fleet requirements, according to a recent Fleet News poll. It suggests 17% of respondents use two different contract hire companies, while only 8% use other funding methods.

Eight out of 10 employees are happy to pass on their company perks to their family – even company cars – according to Lex Autolease.

David Brockwell, finance director, Tusker, on salary sacrifice.

National Insurance rise adds to appeal of funding method, say leasing companies.

Following the interpretation by Her Majesty’s Revenue and Customs (HMRC) of a Court of Justice of the European Union (CJEU) ruling on salary sacrifice, Tusker is concerned that some salary sacrifice car schemes will now fall foul of this latest clarification of legislation.

Tusker has launched a new ‘live chat’ instant messaging function for salary sacrifice drivers to allow them to communicate any queries instantly back to Tusker.

Fleets are being warned that the interpretation by Her Majesty’s Revenue and Customs (HMRC) of a Court of Justice of the European Union (CJEU) ruling could have an impact on salary sacrifice for company car schemes.

More than one third of UK financial directors are unsure of how to calculate the total cost of ownership (TCO) of their business vehicles, research suggests.

A desire to ‘increase pay and benefits’ has become the number one reason why employees want to change jobs, overtaking ‘improving job satisfaction’ in the Chartered Institute of Personnel and Development’s (CIPD) Employee Outlook survey.

Outright purchase remains the most attractive method of acquiring company cars and vans for small-medium companies, according to a new survey released today.

Adecco Group has launched a new Salary Sacrifice Car scheme with Zenith Provecta.‘Your Car’ is available to all employees who are eligible for a cash allowance and to company car drivers.

The overall expectation of asset finance professionals from across Europe is one of on-going growth and a favourable business environment for the second half of 2011, new research reveals.

The Forum of Private Business is calling for measures to restore trust in banks and help alternative funding platforms compete in finance markets dominated by mainstream lenders, following figures suggesting confidence and trust in these is in decline.

Companies who remain with the same contract hire providers without monitoring market prices could be wasting huge sums of money.

Clydesdale and Yorkshire Banks have formed a corporate asset finance team, which aims to help ease the funding gap in the wholesale vehicle fleet market.

The National Association of Commercial Finance Brokers (NACFB) has hailed the second Commercial Finance Expo as a huge success after 900 delegates attended the show.

Norton Rose, an international legal practice, is now offering Zenith Provecta’s salary exchange scheme to its UK employees.

Tusker has congratulated two of its customers for their achievements in being recognised in this year’s coveted Employee Benefits Awards.

Microlease, a worldwide supplier of equipment to the telecommunications, aerospace and defence industries, is introducing salary sacrifice from Pendragon Contracts, the contract hire division of motor group Pendragon.

Cash for car arrangements appear to be falling out of favour, according to the latest quarterly Company Car Trends research from GE Capital, Fleet Services.

Redcar and Cleveland Borough Council has introduced Tusker’s salary sacrifice car scheme SS4C for up to 3,500 employees within its 6,000 strong workforce, with the aim of reducing carbon emissions, increasing the choice of flexible benefits and generating savings for the council.

Tusker has announced that its online salary sacrifice car scheme SS4C has been selected by NYSE Euronext Group to power its new carbon efficient car scheme.