Fleet News

South West and Wales ACFO has new leaders

A NEW regional chairman and secretary have taken the helm at the Association of Car Fleet Operators South West and Wales region.

The new chairman is Damian James, transport controller for South West Water, who operates about 900 vehicles, including 700 vans and 200 cars. He replaces Caroline Sandall and he hosted the first meeting last month.

The new regional secretary is Stuart Oulton, divisional sales manager for ATS Euromaster, who replaces Cathy Gardner.

Among issues covered at their first meeting, sponsored by Renault, was how to use Inland Revenue Approved Mileage Payments to reimburse employees who had opted for cash instead of a company car.

The meeting heard that by using a cash lump sum for employees, the value of the payment would be eaten away by income tax and National Insurance (NI), while the company would also have to pay its own tax on the payment.

Instead, the meeting heard, companies could simply pay the full AMAP rate of 40p for the first 10,000 business miles and 25p for any additional mileage, tax and NI-free.

Employees would be guaranteed to receive exactly the same net payment every month as they would have done under the cash lump sum scheme, so they wouldn’t lose out, but the employer would immediately save money by not incurring tax on its payments to staff.

The meeting heard that a company called the Miles Consultancy specialises in these schemes.

  • Log on to www.scfo.org.uk for details of future meetings.
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