All Company cars articles – Page 18
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Opinion
Peter Crabtree: Choose right car funding method
While managing cars is likely to be a pain, it’s a highly valued benefit for staff. So how do employers minimise costs while also providing employees with cars they want and value?There are many options available to organisations to manage and fund cars. Although contract hire is by far the ...
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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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Article
Zenith launches greenhouse gas emission tool
Zenith has launched a reporting tool to help employers document greenhouse gas (GHG) emissions in their company car fleet and comply with new reporting regulations coming in from October 2013.The product shows GHG emissions across a whole fleet, by car, by manufacturer and split out by types of greenhouse gas.From ...
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Article
Hitachi launches fleet apps
Hitachi Capital Vehicle Solutions has launched a mobile phone application (app) to help manage end-of-life damage and reduce costs for company cars.The application, which works with BlackBerry, Android and iPhone devices, features an end-of-life contract damage manager.An employee using the system will be prompted six weeks before they are due ...
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Article
Zenith adds salary sacrifice option to staff car scheme
Zenith has added a salary sacrifice arrangement to its company car scheme for its own employees.The fleet management provider’s Driven scheme is available to 180 eligible employees at its offices in Leeds. The cars available are from a range of manufacturers and have CO2 emissions capped at 130g/km.Employees can also ...
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Article
Your Housing Group launches salary sacrifice car scheme
Your Housing Group has introduced a salary sacrifice car scheme for all of its permanent employees.The tax-efficient scheme, provided by Lex Autolease, gives the social housing association’s employees the opportunity to add up to two additional drivers to the scheme.The monthly cost covers all normal running costs, such as insurance, ...
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Article
Tayto Group launches fleet management system
Tayto Group has launched a tracking, performance monitoring and fuel management system across its 117-strong company car fleet.The system, which is provided by TomTom, adds improved visibility for the snack manufacturer’s mobile team of sales, management and distribution staff.The system enables information about how cars are driven to be collated ...
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Article
LeasePlan updates company car tax guide
LeasePlan UK has published its latest guidance on company car taxation.The inside track: a guide to company car taxation, which has been published in associated with Deloitte, looks at the real-life impact of some of the most recent government announcements relating to company car provision and advises employers how to ...
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Opinion
Damian James: Employers should plan now for future company car tax changes
The coalition government has continued the policy of tightening benefit-in-kind tax thresholds year on year and has already announced rates to the end of 2016/17. In 2013/14, the 10% company car tax rate applies to cars with emissions of 76-94g/km, but that will rise to 11% in 2014/15, with corresponding ...
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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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Article
Employee Benefits Awards 2013: Best car and travel benefits
Winner: Axa UKScheme: Axa UK Car SchemeThe judges for this category were looking for a successful strategy that has made company cars and/or allowances effective as a benefit within an organisation.Axa UK’s car scheme incorporates three funding methods: an employee car ownership scheme, contract hire and a salary sacrifice arrangement. ...
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Article
Time to pimp your company cars
Something for the weekend…new ways for fleet managers to both control costs and ‘upgrade’ cars.Fleet managers may be feeling the eco-(un)friendly pinch with the recently introduced company car fuel tax level and a ultra low emission company car tax.So maybe they could take tips from an extravagant eco-friendly Leicester man ...
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Article
HMRC announced new company car advisory fuel rates
HM Revenue and Customs has announced a change to its company car advisory fuel rates. The change relates to some petrol and diesel cars.The rates for all vehicles from 1 June 2013 are as follows:Petrol1400 cc or less to pay 15p per litre.1401 cc to 2000 cc to pay 17p ...
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Article
Paperlinx extends mileage management system
Paperlinx has extended its mileage management system across all company car drivers in its UK divisions.The international merchant group first offered the system, provided by Vertivia, in 2011 within just two of its operating organisations for a 150-strong fleet.The organisation decided to roll out the system to the rest of ...
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Article
Europa outsources fleet management
Europa has outsourced the management of its 350-strong fleet to Fleet Alliance.The building and facilities management group, which employs around 4,000 staff, has around 110 company cars in the UK.It first appointed Fleet Alliance two years ago to source new cars as part of an online fleet management service and ...
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Article
Asda and BMW shortlisted for car perks
Asda and BMW UK are among the employers that have been shortlisted for the award ‘Best car and travel benefits’ at the Employee Benefits Awards 2013.For this category, the judges were looking for a successful strategy that has made company cars and allowances effective as a benefit within an organisation.The ...
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Opinion
Julie Jenner: Tax effect on private fuel provision
However, about 15 years on since the tax increases started to bite, data from HM Revenue and Customs (2010/11) shows that 240,000 staff continue to pay tax on employer-paid-for fuel used privately.But if those employees did the maths, industry figures suggest 97% would be better off giving up the ‘perk’ ...
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Case Studies
Pentland Brands scraps ‘free fuel’ and saves thousands
The organisation behind global brands such as Speedo, Mitre and Berghaus used The Miles Consultancy’s (TMC) system to gather the data it needed to make the change, which resulted in Pentland reducing fuel usage by 16% and cutting thousands of pounds from its fleet budget.Pentland Brands estimates that withdrawing the ...
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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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Article
Green fleet targets on the rise
The proportion of organisations setting green fleet targets increased significantly between 2011 and 2012, according to research by Alphabet.The Alphabet fleet management report 2012, which surveyed 250 UK fleet managers, found that 83% of public sector respondents have now set green fleet targets, up from 67% in 2011, while 79% ...