The UK fleet industry has greeted yesterday's Budget by chancellor George Osborne with caution.
Reduced-size turbo petrol engines offer comparable running costs and are less polluting than their diesel counterparts, but fleet uptake remains low. Andrew Ryan reports
A complete overhaul of the company car tax regime has been called for by nine out of 10 respondents to a Fleet News poll.
The BVRLA is urging the Government to stick to its promise of delivering a simpler, fairer company car tax regime and incentivising the uptake of ULEVs.
HM Revenue and Customs (HMRC) has confirmed that companies operating vehicles fitted with ‘defeat devices’ will not face a rise in company car tax.
Number of drivers paying BIK remains at 940,000, according to latest HMRC data
The number of company cars on UK roads has remained at the same level for the past two years, according to latest statistics compiled by HMRC.
DCML’s Dealer Car Manager BIK app makes the calculation of tax quicker, more accurate and less daunting for fleets, according to Sytner Bradford Audi.
Company car drivers will face a three percentage point year-on-year hike in their company car tax from 2019/20.
HM Revenue and Customs has opened a consultation on employee benefits in kind.
Ambitious Government plans to make the UK the world leader in electric car adoption could be hampered by its decision to imtroduce company car benefit-in-kind tax on those vehicles at 5% in 2015/16, with a further rise due in 2016/17.
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