Fleet News

BUDGET: Expert Comment - Paul Jackson, TMC

Paul Jackson, managing director, of fuel and mileage management specialists TMC comments on the 2010 Budget.

“Not including fuel duty, the last three budgets have added over £400 million to the tax burden on fleets and company car drivers over the next three years, through higher BIK on cars and fuel,” explained Jackson.

“Today’s 5% tax concession for cars emitting less than 75g/km of CO2 will give back less than £5 million between now and 2012, partly because there will be few such cars on fleets.

“The cost of every mile a driver travels continues to rise steeply in real terms, so fleets need more than ever to be able to capture and analyse details of driver’s journeys to make sure that every mile they travel is necessary and productive.”

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