The number of people paying company car tax has again fallen substantially, with HMRC reporting 30,000 fewer people receiving the benefit.
HMRC has published new advisory fuel rates (AFRs) effective from Tuesday (September 1) for company car drivers claiming fuel costs.
Legislation defining the tax treatment of when a vehicle is a van or a company car has been labelled outdated, unclear and not fit for purposes by tax experts.
HMRC’s decision to allow company car drivers to hand keys back was another ‘knee jerk’ reaction and not practical for fleets, say Fleet200 members.
Company car drivers, who have their fuel paid for by their employer, could be in line for a tax refund, according to RSM Employer Solutions.
Vehicle Excise Duty (VED) should be increased on the most polluting cars to encourage the switch to cleaner fuels, says Committee on Climate Change.
Fleet industry and tax advisers believe new HMRC guidance falls short of the mark.
HMRC has reduced the advisory fuel rates (AFR) for all engine sizes and fuel type, effective from June 1.
HMRC has issued official guidance to fleets on how to treat benefit-in-kind (BIK) tax and expenses during the Covid-19 pandemic.
Almost three-quarters (72.6%) of respondents to a Fleet News survey say less than 10% of their company cars are being driven for work.
HMRC says it will publish official company car tax guidance to reflect clarification given to Fleet News in light of the coronavirus lockdown.
Licence Check is offering advice to fleet decision-makers regarding licence checking services whilst the coronavirus outbreak forces many businesses into lockdown and remote-working.
Tax experts at MHA MacIntyre Hudson have welcomed HMRC’s clarification on benefit-in-kind (BIK) tax rules as fleets come to terms with life under lockdown.
Changes to Government company car tax tables, published on its website, suggest tax officials are preparing for new rates to finally be adopted.
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.
Fleets temporary driver recruitment costs will increase up to 30%.
HMRC has released its latest advisory fuel rates (AFRs), to come into force from September 1.
But tax office says new pay reporting option could have skewed figures, with fall much less than suggested.
Government's Brexit turmoil leaves company car owners still seeking answers
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.
Fleet News offers a range of reports, whitepapers, in-depth features and manufacturer brochures to enhance fleet decision-makers' understanding of key issues and products.
Fleet News is published monthly, in print and digital formats.
Register now to see if you qualify for a free subscription.