Lifestyle 4x4 vehicles are an increasingly popular tax efficient choice for company car drivers, claims Cap HPI.
Government's Brexit turmoil leaves company car owners still seeking answers
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.
Volvo has a new front-wheel-drive diesel version of the XC60, which offers fleet customers lower benefit-in-kind tax.
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
Chancellor says response will be made ‘in the coming months’, leaving fleets in limbo
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.
Grey fleet drivers have raised the compliance risks their employers face and have asked that appropriate policies and procedures be treated with paramount importance, says Licence Check.
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.
Fleet decision-makers still have time to comment on a Government review into the impact of WLTP on VED and company car tax.
The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.
By Dan Rees, associate director, head of cars and fleet consulting at Deloitte
Fleets should press the Treasury to scrap the 4% diesel surcharge next year to mitigate the impact of the new emissions testing regime on tax, says TMC.
The Government has again ignored calls to bring forward the 2% BIK rate for pure EVs from April 2020 to April 2019.
The fleet industry will have to wait until the spring to see how the Government intends to mitigate the impact of WLTP on company car tax and VED.
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