Tax revenues rise £70m year-on-year despite figures being based on 50,000 fewer company cars.
By Matthew Walters, head of consultancy and customer data services at LeasePlan UK
New benefit-in-kind rates for company cars suggest drivers could be hundreds of pounds better off by registering a replacement vehicle prior to April 6, 2020.
the two percentage-point saving for WLTP-rated cars doesn’t offset the rise in CO2 emissions over NEDC-correlated cars
By Erik Fairbairn, Pod Point CEO and founder
By Gary Smith, managing director, Europcar Mobility Group UK
Fleet decision-makers have told Arval what they think will be the biggest challenges to overcome in the next five years.
The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21.
But tax office says new pay reporting option could have skewed figures, with fall much less than suggested.
Long-term tax incentives, improved lead times and more rapid charge points are needed if the Government is to meet its ‘net zero’ emissions pledge.
Lifestyle 4x4 vehicles are an increasingly popular tax efficient choice for company car drivers, claims Cap HPI.
Company car demand is set to spike in 2020 as lower BIK tax rates for plug-in vehicles fuel fleet demand at least temporarily, says tax expert Harvey Perkins, director of HRUX.
Fleets are taking delivery of the first RDE2 diesel cars, cutting VED and company car tax, with manufacturers promising that more models will follow.
Employees in increasing numbers are opting to take cash in lieu of a company car amid year-on-year rises in company car tax, risking the Government’s green agenda.
By Alastair Kendrick specialist employment tax adviser
Fleets may have to wait beyond the Spring Statement to find out whether the Government will make changes to company car tax and vehicle excise duty (VED).
The report says a fairer and more sophisticated tax system could be based on distance travelled, time of journey, location or air pollution.
The seminar - Another Year of Evolution - is being held on Wednesday, March 27, at the British Motor Museum, Gaydon, Warwickshire.
ACFO is urging the Government to adopt a six-point action plan to protect and enhance company car demand.
Fleet News with BVRLA, ACFO and other industry stakeholders call on fleets and their drivers to comment on Government review of company car taxation rates.
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