electric fleet - benefit in kind

News

National insurance changes help drive salary sacrifice increase

An electric vehicle salary sacrifice provider has reported a significant increase in employers looking to launch a scheme since the Autumn Budget.

Salary Sacrifice 4 Mar

CAP HPI senior consultant Matt Freeman at December 2023 Fleet200 meeting

News

What factors will influence mass BEV adoption - and what are the factors making forecasting difficult?

Mass BEV adoption will only be possible if several factors come into play – and understanding the market is a challenge because of unprecedented influences need considering.

Fleet200 Strategy Network 12 Dec

News

Call for fleet EV incentives to end and to support used market instead

Financial incentives for battery electric vehicles aimed at fleets should be scrapped in favour of support for the used market , says MD of Motonovo Finance.

29 Aug

Pile of pounds coins alongside set of car keys

News

New HMRC data shows number of company car drivers and tax take

The number of employees paying company car tax has stayed the same year-on-year after several years of decline, according to new figures published by HMRC.

30 Jun

News

New road pricing report welcomed but AFP opposes tax changes now

A new ‘Road Duty’ for electric vehicles (EVs) – levied at around 6p per mile (plus VAT) – has been recommended to offset a decline in fuel duty.

1 Jun

News

Incentives needed for retail electric vehicle market to meet 2030 target

With low BIK tax rates incentivising company car drivers to make the switch to electric, the Government is being urged to incentivise the retail sector.

20 Apr

News

Fleet Evolution strikes salary sacrifice deal with ICR Leasing

Fleet Evolution has struck a deal to provide electric cars to customers of ICR Leasing through its salary sacrifice car scheme framework.

Salary Sacrifice 12 Dec

News

Three-quarters of employees want salary sacrifice EV car benefit

Employees are wanting access to workplace benefits such as salary sacrifice electric vehicle schemes, new research from YouGov suggests.

Salary Sacrifice 7 Dec

News

Sal/sac is ‘key’ to the mass adoption of electric vehicles

But research suggests fleet and leasing industry needs to educate drivers on benefits of making the transition.

Salary Sacrifice 2 Dec

News

Autumn Statement: Fleet industry reacts to changes to BIK and VED

The publication of future company car tax rates has been welcomed by the sector, but there are concerns how subjecting EVs to VED could impact the market

autumn statement 18 Nov

News

Autumn Statement: Company car tax to increase by one percentage point

The Government has announced in the Autumn Statement that benefit-in-kind (BIK) tax for electric vehicles (EVs) will continue to be kept low to increase uptake.

electric fleet - benefit in kind 17 Nov

News

Fleet Alliance launches ‘electric cars are for everyone’ campaign

The new campaign is aimed at promoting the benefits of low-cost zero emission driving for all via salary sacrifice using the hashtag #ElectricCarsAreForEveryone.

Salary Sacrifice 16 Nov

#SeeTheBenefit campaign car out side Parliament

News

BVRLA campaign back in Parliament ahead of Autumn Statement

The BVRLA has taken its #SeeTheBenefit campaign back to Parliament ahead of the Autumn Statement on November 17.

10 Nov

News

Government warned against raising BIK to claw back lost revenue

HMRC figures show company car decline, but industry confident salary sacrifice can halt slide.

8 Nov

News

BIK, rather than Covid, behind 10% decline in company car numbers

Ashley Barnett, head of fleet consultancy at Lex Autolease, believes high BIK, rather than Covid, behind decline in company car numbers.

electric fleet - benefit in kind 8 Nov

News

Government ‘must’ keep vital tax incentives to maintain fleet EV momentum

BVRLA and AFP urge fleets to write to the new Chancellor urging him to keep BIK low.

3 Oct

BVRLA director of corporate affairs, Toby Poston, at Transport Select Committee hearing into road pricing

News

New Chancellor needs to see the benefit of backing EV fleets

BVRLA director of corporate affairs, Toby Poston, says that a supportive tax environment is critical to maintaining EV adoption rates.

3 Oct

Paul Gilshan, chief executive officer at Tusker

News

Tusker launches 300 salary sacrifice schemes in eight months

Tusker has launched more than 300 car salary sacrifice schemes so far this year, with many of the companies motivated by a desire to cut their carbon footprint.

Salary Sacrifice 30 Sept

News

New HMRC data shows 80,000 fewer company car drivers

Newly published figures show the number of employees now paying benefit-in-kind (BIK) tax on a company car has fallen by a quarter (25%) since 2015/16.

benefit in kind BIK 29 Sept