More than 1,200 car derivatives are currently identified as Alternative Fuel Vehicles (AFVs) and are eligible for tax breaks, according to Cap HPI.
Legislation defining the tax treatment of when a vehicle is a van or a company car has been labelled outdated, unclear and not fit for purposes by tax experts.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.
The Government is being urged to overhaul motoring taxation and replace it with road pricing as part of its plans for a ‘green’ recovery.
By Paul Hollick, chair of the Association of Fleet Professionals (AFP)
Video introduction from Fleet News editor-in-chief Stephen Briers
The Chancellor's summer economic plan introduced a range of measures to help the UK economy recover from the impact of the coronavirus.
By Harvey Perkins, employment tax specialist at Gunnercooke Consulting
Firm found guilty under health and safety legislation but, despite the deaths of two employees in a works van, no corporate manslaughter charge brought.
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.
The June digital edition of Fleet News is now available to read, packed with useful and insightful content for fleet decision-makers, fleet influencers and suppliers and manufacturers.
Fleet industry and tax advisers believe new HMRC guidance falls short of the mark.
The coronavirus job retention scheme has been extended until the end of October, but employers will have to share some of the costs from August.
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.
The Government has changed the guidance it issues to employers on salary sacrifice arrangements to allow for the impact of COVID-19.
The Fleet News car running cost tools have been updated to reflect the switchover to WLTP CO2 emissions data and the new 2020/21 benefit-in-kind (BIK) bands.
Fleets waiting for the Government to rubber-stamp new company car rates may have to wait a little longer with the date of the Budget now in doubt.
Changes to Government company car tax tables, published on its website, suggest tax officials are preparing for new rates to finally be adopted.
The Government has announced that the Chancellor, Sajid Javid, has chosen March 11 as the date for his first Budget.
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.