The events of the past year look set to shape the industry for years to come, while a whole host of questions remain unanswered.
A Conservative win in the general election should now pave the way for new company car tax rates to be introduced from April 2020.
The leasing sector is set to grow over the next couple of years, but the jury is out on whether any of this growth will come from the company car market, says the BVRLA.
Required legislation on hold, with new BIK rates, including the 0% rate for electric company cars, needing approval of new Government before they can be used.
By Paul Hollick, ICFM chairman
The positives outweigh the negatives for EV adoption
Fleets want a greater choice of electric vehicles and want to be able to add them to choice lists now, but are prevented from doing so by considerable challenges.
The whitepaper is designed to improve knowledge on the tax benefits and incentives for fleet decision-makers and company car drivers over the next three years.
Tax experts from Deloitte, HRUX and Baldwins will help delegates untangle the latest developments on company car taxation and finance at Fleet Live 2019.
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.
Don’t try to go it alone when framing policy. Be sure to include all the other fleet-responsible stakeholders, says Peter Eldridge, director, ICFM
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.
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