Twice as many electric vehicles (EVs) were registered in 2020 compared to the previous year, with new company car tax rates driving uptake.
Harvey Perkins, director at HRUX, looks at the latest HMRC statistics and asks how Government can sent tax policies when it doesn't have all the data.
The amount of tax collected from company car drivers and their employers by HMRC in the 2018/19 tax year has increased by £170 million (7.5%) to £2.46 billion.
Car fuel benefits are often costly from a tax perspective, because the taxable benefit is fixed and takes no account of the actual private use in the year.
Manufacturers are warning leasing companies that they cannot guarantee company car prices beyond the end of the year, even for some models being ordered now.
The Association of Fleet Professionals says fleets need to be able to plan EV strategies if a ban on the sale of new diesel and petrol cars is brought forward.
Grey fleet has been growing, but the low BIK on BEVs may reverse that
Fleets are adopting electric vehicles (EVs) in record numbers as greater choice and zero benefit-in-kind (BIK) tax boost their appeal to company car drivers.
Paul Hollick, chair of the Association of Fleet Professionals (AFP), looks at the astonishing increase in the adoption of EVs by company car drivers and reflects on concerns around availability.
The number of people paying company car tax has again fallen substantially, with HMRC reporting 30,000 fewer people receiving the benefit.
More than 1,200 car derivatives are currently identified as Alternative Fuel Vehicles (AFVs) and are eligible for tax breaks, according to Cap HPI.
Legislation defining the tax treatment of when a vehicle is a van or a company car has been labelled outdated, unclear and not fit for purposes by tax experts.
One in three (30%) office workers would like employers to install electric vehicle (EV) charge points, new research by Go Ultra Low reveals.
New software from Enterprise Rent-A-Car will give detailed benefit-in-kind (BIK) tax information from the use of daily rental and car clubs.
New mobility alternatives are failing to make a significant dent in the appeal of company cars, new research from Arval suggests.
Engie has agreed a deal to provide electric vehicle (EV) charging facilities across Biffa’s UK sites.
Company car drivers, who have their fuel paid for by their employer, could be in line for a tax refund, according to RSM Employer Solutions.
The transport management and car benefits provider has become employee-owned in a move that is thought to be a first for the industry.
Vehicle Excise Duty (VED) should be increased on the most polluting cars to encourage the switch to cleaner fuels, says Committee on Climate Change.
Two-thirds of fleet managers says that sustainability remains as important to their business as it was before the pandemic, according to a Lex Autolease poll.
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