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.
Tusker, one of the country’s leading providers of cars via salary sacrifice maintains it remains a “unique and valuable” benefit for employees.
Insurance, maintenance, tyres and breakdown cover could now be taxed when provided via a so-called Optional Remuneration Arrangements (OpRA).
HMRC has published its latest advisory fuel rates (AFRs), which come into force from September 1.
ACFO welcomes HMRC decision to introduce a mileage reimbursement rate for electric company cars of 4 pence per mile (ppl) from September 1.
Government performs U-turn on tax changes that would have seen drivers of unmarked emergency vehicles charged company car tax for journeys made while ‘on-call’.
Organisations wanting to add electric vehicles to their fleets have traditionally faced many barriers, but these are being solved. Andrew Ryan reports
There were 940,000 employees paying benefit-in-kind (BIK) tax on a company car in 2016/17 – a 2% fall on the 960,000 recorded the previous financial year.
Average figure paid per employee increases by 27% year-on-year, says HMRC.
By Alastair Kendrick, employment tax specialist
Fleets felt that one of their biggest challenges was to improve safety. The two biggest issues were educating drivers and creating a culture within the company that promotes safety and gets buy-in at board level.
Fleet industry calls for HMRC to provide advisory fuel rates (AFRs) for plug-in company cars have been ignored by the Government.
HMRC has rejected suggestions that it is unfairly penalising undercover police for company car tax.
Fleet operators call for clarity on the future basis of vehicle taxation beyond the current system of CO2 emissions derived from the combined mpg figure.
Companies that use self-employed drivers have welcome new employment legislation, but unions say they don’t go far enough to “fix a broken system”.
The number of employees paying company car tax has reached a five-year high, boosting Treasury coffers by millions of pounds, newly-released data shows.
With no official fuel expense rates for electric cars, TMC publishes advice on reimbursing drivers of company-run or ‘grey fleet’ plug-in cars.
Fleet body ACFO says official mileage rates from HMRC ‘would encourage’ drivers to switch to EV mode.
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