Analysis – Page 3
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AnalysisTop tips to control company car scheme costs
If you read nothing else, read this…Car choice should be aligned to an employee’s grade.Employers should consider the most cost-effective funding model for their workforce.Fully expensed fuel cards should be discontinued.1. Align car choice with employee gradeEmployers should ensure the choice of company cars they offer their workforce is aligned ...
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AnalysisWhat are the current trends in fleet funding?
If you read nothing else, read this…There are six types of funding options available to employers to fund company cars.Contract hire is the most popular of these and is often used for salary sacrifice arrangements.Employers are opting for a combination of funding methods to offer more choice to employees.Organisations are ...
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AnalysisTop ways to save on car running costs
If you read nothing else, read this…Savings can be made by choosing the right cars to offer employees.Fuel is the biggest area where savings can be made.Car telematics can monitor how employees drive.Driver training can teach staff driving techniques that can save on costs such as fuel. Short and long-term ...
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AnalysisSummer driving tips for employees
If you read nothing else, read this…Employees who drive abroad should perform essential car maintenance checks, such as oil, cooling fluid and tyre pressure.Drivers should familiarise themselves with the driving rules in the countries they plan to visit, which can vary. A leasing firm can advise an employee on the ...
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AnalysisKey issues around fleet salary sacrifice schemes
Estimates for the number of cars covered by salary sacrifice schemes vary, but a realistic figure would be 50,000-75,000, and this figure is expected to grow in coming years.The number of providers has also increased significantly and recent focus has been on the ‘employee experience’. Many suppliers are concentrating on ...
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AnalysisAll employers need to know about car salary sacrifice schemes
If you read nothing else, read this…Salary sacrifice car schemes are typically low-cost or cost-free for an employer to introduce.Low-emission cars are popular in schemes because of available tax breaks.Employers can put buffers in place to protect themselves from early termination fees and long-term absence of scheme members.Knowing how to ...
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AnalysisKey messages for staff about car salary sacrifice schemes
If you read nothing else, read this…Employers should tell staff about potential savings on income tax and national insurance.Employees need to know that company car tax bands will change every year until 2016-17, which could affect a scheme’s cost.Employees may incur early termination costs if they leave the scheme or ...
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AnalysisWhat is the future shape of salary sacrifice car schemes?
If you read nothing else, read this…Fleet providers have begun to introduce electric cars under a salary sacrifice arrangement.Almost half (48%) of employers are considering introducing salary sacrifice.Policies can be put in place to prevent the salary sacrifice risks associated with maternity leave and long-term employee absence.In November 2013, fleet ...
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Analysis
Winter driving tips to keep employees safe
If you read nothing else, read this…Employers have a duty of care to ensure employees are safe when driving for business.Training, such as seminars or online risk assessments, can help staff understand the risks of winter driving in darkness or bad weather.Employers should remind staff about the legalities of drinking ...
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Analysis
Top luxury company car models with low carbon dioxide emissions
If you read nothing else, read this:Tax breaks are encouraging employers to offer low-emission cars in their fleets.Luxury car makers are producing models that fulful green requirements.It is important for employers to consider a car’s whole-life costs.Demand for electric cars remains low, but is expected to rise.But carbon dioxide (C02) ...
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AnalysisKey components of a 2013 travel policy
If you read nothing else, read this…Low-emission cars are increasingly popular in employers’ schemes.Journey planning can help employees use the most cost-efficient routes for their journeys.Fewer employers offer new recruits a fuel benefit.Green agendaLow-emission cars are an increasingly common feature of employers’ travel policies as they strive to reduce their ...
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AnalysisTop tips for funding a company car fleet
If you read nothing else, read this…Funding a fleet is a complex task and it is worth employers seeking impartial expert advice.There is no best method for funding a fleet; it depends on the employer’s financial situation.Employers should look at funding holistically: how much will fuel and maintenance cost?The questions ...
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AnalysisUpdate on company car tax rules
If you read nothing else read, this… Employers must take into account all the tax and other legislation that applies to company car schemes.Employees are liable to pay tax according to the carbon dioxide (CO2) emissions of the company car they use..Lower-emission cars fall into a lower tax bracket.According to ...
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AnalysisPrivate fuel provision loses its appeal
IF YOU READ NOTHING ELSE, READ THIS…Private fuel provision is decreasing in popularity among both employees and employers.By using a fuel card, employers can make greater savings and cut administrative costs on their fuel management.The high cost of fuel and company car taxation are among the reasons why private fuel ...
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AnalysisTop tips to cut the cost of fleets
IF YOU READ NOTHING ELSE, READ THIS…There are many ways employers can cut their fleet costs, which they can identify by carrying out a policy review.Employers can ask staff to take more responsibility for the way they drive and treat a company car, to help generate cost savings across the ...
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Analysis
Employers' legal and moral obligations to their drivers
IF YOU READ NOTHING ELSE, READ THIS…More than a quarter of all traf?c accidents involve people driving in a work capacity.Employers have a moral and legal obligation to protect employees on the road.Telematics technology helps employers monitor their drivers on the road.More than a quarter of fatal road accidents involve ...
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Analysis
Total People wins Court of Appeal case
Dave Jennings is a senior manager in the tax team at Grant Thornton, the firm involved in the Total People case against HM Revenue and Customs.What did the courts say? Following a number of years of negotiations by Grant Summers and me with Her Majesty’s Revenue and Customs (HMRC) national ...
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AnalysisTop makes and models of company cars
If you read nothing else, read this…Vauxhall, Audi, Ford and Volkswagen are among the most popular company car brands.Smaller-engined, lower CO2-emitting cars tend to be more popular for salary sacrifice-based schemes.Employers should be proactive in communicating with their workforce about their priorities.Website functionality is critical, rather than the lowest price, ...
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AnalysisFleet reviews should focus on efficiency
If you read nothing else, read this…Consult key stakeholders, such as HR, finance, procurement and employees, to gain a better understanding of the organisation’s fleet requirements.Set realistic timescales for the review, leaving it at least six or nine months before making changes to the fleet policy.Consider funding methods, such as ...