Sunday, 9. October 2011
As a consultant I have often advised companies on their car policies and driver handbooks. With more stringent health and safety laws it is important that even with just one or two employees that drive on company business you have a driver handbook or incorporate certain items within the employee’s contract of employment. If you are an employer Read more »
Thursday, 21. April 2011
Image via Wikipedia
One of the smaller changes to the benefit in kind tax rules following the budget was the removal of the upper limit when applied to company run prestige cars. In the past there was a limit placed on the list price used when calculating personal benefit in kind tax of £80,000. This has now been removed so taking a Bentley Flying Spur as an example with Read more »
Thursday, 4. March 2010
What is the benefit in kind tax position of an employee who is provided with a hire car? I could go into lots of detail as it depends on whether the employee has a company car provided and whether he has it for 30 days continuously. Whether the car is better or worse than his company car and if it’s not to replace a company car then how much of the mileage is private! Oh this is so boring, If you really want to know look it up on Google or something! I’ll just move on before I bore myself to death! By Graham Hill
Thursday, 28. January 2010
I’m not sure how useful this information is or what real conclusions can be drawn but I found it interesting so am passing it on. Under the Freedom of Information Act the BBC obtained data regarding MOT failures and Business Car analysed the figures to identify which cars had the highest pass rates and which cars had the highest fail rate. The statistics are based on 2004 registered cars that were MOT tested for the Read more »
Tuesday, 24. November 2009
It would seem that some of the carbon friendly effects of the recession are better management of family vehicles and in many cases a reduction in the number of vehicles being driven by the family. Added to which many employees are opting for cash for cars in place of the old company car scheme, effectively seen as increasing their income, as they now use the family car which they had anyway and was Read more »
Monday, 12. October 2009
It has been estimated that there are in excess of 1 million businesses in the UK considered to be running ‘small fleets’ of company vehicles (25 or less). It would seem that the vast majority of these businesses don’t see themselves as running a ‘fleet’ of vehicles but they should be aware that the same rules and regulations regarding duty of care, health and safety and the Corporate Manslaughter Act along with Read more »
Friday, 2. October 2009
Finally, it’s happened, a company has brought out an insurance policy to cover the ever growing end of contract refurbishment charges for cars and vans that will be returned to the leasing company at the end of the lease. The cost of the policy will range between £290 and £350 for a standard family sized car and it will cover vehicle damage over and above fair wear and tear up to £1,500. This may seem like Read more »
Wednesday, 11. February 2009
GE Capital Solutions Fleet Services has suggested that we could reduce our running costs by up to 10%. They suggest that better fuel management could reduce fuel cost, extend service intervals on some cars and reduce tyre wear. Move away more gradually from traffic lights, turn the engine off in traffic jams and drop your speed to the legal limits would have some dramatic affects. Check tyre pressures Read more »