Tag : Benefit in Kind
Budget sparks end to company car PHEV revival
The Autumn Budget is already sparking a downturn in demand for plug-in hybrid (PHEV) company cars and looks likely to end the current revival of fleet … Read More »
Company car take-up rebounds on back of meteoric sal-sac demand
Following years of declines and stagnation, the number of company car takers in the UK has risen due to soaring demand for salary sacrifice and the … Read More »
Extended Benefit-in-Kind tax tables should be top fleet job for new government, says AFP
An announcement on extended company car Benefit-in-Kind (BiK) taxation tables should be “among the first fleet jobs” for the new government, says the Association of Fleet … Read More »
New Octavia to spearhead Škoda’s plug-in range
Škoda’s new Octavia line-up will include two plug-in hybrids predicted to take up to a third of UK volume – with renewed Benefit-in-Kind incentives next April … Read More »
Bring 2% BiK rate forward to 2019, say leading firms
Addressing the cliff-edge in company car benefit-in-kind (BiK) tax rates and bringing forward the 2% rate to 2019/20 could help drive ULEV uptake.
Fleets need stronger links to Government, expert warns
The fleet industry needs stronger links to Government to avoid a repeat of the current ‘breakdown in communication’ that’s causing confusion among decision-makers, according to mid-term … Read More »
Scottish company car drivers to be hit by higher BiK rates
Company car drivers who are resident in Scotland will be hit by larger increases in Benefit-in-Kind rates from 6 April, as new income tax rates are … Read More »
Budget announcement on WLTP brings stability but BiK will still imminently rise
Confirmation in last week’s Budget that VED and Company Car Tax (CCT) will continue to be based on computer-generated NEDC (New European Driving Cycle) fuel economy and CO2 … Read More »
HMRC confirmation on salary sacrifice to cut costs for fleets
Fleets and drivers are to save money on salary sacrifice schemes following HMRC confirmation on how the new Optional Remuneration Arrangements (‘OpRA’) legislation should be applied.
Government publishes company car tax bands for 2020/21
HMRC has published draft legislation on company car tax bands for the tax year 2020 to 2021, illustrating its plans to introduce bands for lower-emission cars … Read More »
