All Company cars articles – Page 22
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Analysis
Salary sacrifice company cars: Building a business case
Key selling pointsSupporting employees to drive low-CO2 cars. Significant enhancement of the reward package. Ability to deliver a saving to the employer. Reduces grey fleet and associated health and safety issues. Positive recruitment and retention tool. n Typical saving of up to 35% compared with leasing and insuring a car ...
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Analysis
Salary sacrifice company cars: What are the tax breaks?
Forthcoming tax changesFrom April 2013The 5% BIK rate threshold will still apply to cars emitting 75g/km of CO2 or less, but the 10% threshold will be narrowed still further, to a maximum of 94g/km. Cars emitting 95g/km upwards of CO2 will attract a BIK rate of between 11% and 35%, ...
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Analysis
Salary sacrifice company cars: Sponsor's comment: A strong benefit to drive value
A salary sacrifice company car scheme has much to offer but brings a lot to consider, says Ian Hughes, commercial director at Zenith.It is nearly two years since we last sponsored the How to manage salary sacrifice company cars guide with Employee Benefits, and three and a half years since ...
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Article
EXCLUSIVE: BA to introduce car discount scheme and switch company car provider
British Airways (BA) is to introduce a car discount scheme and new dedicated reward website for its 38,000 employees, and switch provider of the company car scheme for its 200 senior staff.A key issue for the airline when offering company cars is alignment with its wider business policy of minimising ...
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Article
Siemens adds electric cars to UK fleet
Siemens has added its first electric cars to its UK fleet, as part of an overall corporate approach to sustainability.The Nissan Leafs, provided by Lex Autolease, will be used in Lincoln by employees making trips to the engineering and technology firm’s sites and its University of Lincoln Engineering Hub.Siemens has ...
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ArticleHow to manage: Salary sacrifice company cars 2012
Download a PDF of the How to manage salary sacrifice company cars guide 2012What is salary sacrifice?What are the tax issues?Building a business caseHow to implement a schemeUnderstanding the risksHow to promote a schemeChoosing vehicles and providersCase studiesSponsor’s comment: Ian Hughes, commercial director at ZenithEditor’s comment:Making savings on the ...
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Analysis
Fuel-efficient cars pay off
If you read nothing else, read this... Manufacturers have been investing a lot of time and energy in developing eco-friendly cars, and most now offer hybrid ranges. When considering electric cars, it is important to look at journey type and access to recharging points. Selection should be about the efficiency ...
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Article
Low take-up of salary sacrifice car schemes
Cars provided under a salary sacrifice scheme accounted for 5.5% of the combined fleet, according to research by ACFO.The ACFO salary sacrifice survey, which polled organisations collectively operating almost 27,000 company cars, found that 1,464 were being operated via a salary sacrifice arrangement.A fifth (20%) of respondents already have a ...
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Alphabet launches corporate car-sharing scheme
Alphabet has launched a corporate car-sharing scheme called AlphaCity.The scheme allows employers to set up an internal car club under their own parameters for staff, using cars leased from Alphabet.Employees who sign up to the scheme and receive a membership card and welcome pack. They can then self-book for cars ...
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Budget 2012: Changes to capital allowances for company cars
Chancellor George Osborne has announced changes affecting the capital allowances that can be claimed on company cars in the Budget report 2012.From April 2013, the carbon dioxide emissions threshold for the main rate of capital allowances for business cars will be reduced from 160g per km to 130g per km ...
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Sherwood Forest Hospitals renews contract for salary sacrifice car scheme
Sherwood Forest Hospitals NHS Foundation Trust has renewed the contract for its salary sacrifice car scheme.Its mycar scheme, which was introduced three years ago and is provided by Leasedrive Group, enables employees to save on tax and national insurance by paying for their cars through a salary sacrifice arrangement.Anne Burton, ...
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City Health Care Partnership launches salary sacrifice car scheme
City Health Care Partnership Community Interest Company (CHCP CIC) has added a salary sacrifice car scheme to its flexible benefits scheme.The Flextra scheme, provided by Tusker, forms part of the organisation's commitment to provide cost and carbon-efficient travel in delivering community healthcare services in line with its corporate sustainability programme.†It ...
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Article
Capgemini renews fleet contract and focuses on sustainability targets
Capgemini has renewed its fleet management outsourcing contract with Leasedrive and is focusing on sustainability targets.The consulting, technology and outsourcing firm offers a salary sacrifice car scheme to its 3,500 UK employees, who can opt into the scheme anytime throughout the year.Capgemini is also working with Leasedrive on achieving its ...
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Article
Employers to review fuel reclaims process in 2012
Two-thirds of respondents will review their fuel reclaims process in 2012, according to a survey by ALD Automotive and YouGov.The survey, which polled UK organisations employing between 500 and 999 employees, found that employers are taking the threat of prosecution from HM Revenue and Customs (HMRC) more seriously, and are ...
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Harveys switches fleet supplier following review
Furniture specialist Harveys has switched from a multi-supplier to a sole-supplier approach in the provision of around 140 contract-hire cars for its staff.Harveys, part of the Steinhoff UK retail group which also owns Cargo, Reid Furniture and Sleepmasters, has signed a five-year agreement with Leasedrive after a review, choosing a ...
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Santander’s salary sacrifice car scheme deemed a success
Employees at Santander ordered more than 160 cars within the first month following the launch of its salary sacrifice car scheme.The scheme, which was launched in October using provider Zenith, is open to all UK-based permanent Santander employees, with an aim of enhancing the bank’s benefits package.The Santander All-Employee Car ...
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EXCLUSIVE: Informa standardises choice of car manufacturers for drivers
To ensure its fleet has low carbon dioxide (CO2) emissions, Informa has standardised the choice ofcar manufacturers for its company drivers.The media organisation’s set manufacturers are now Audi, BMW, Mercedes, Skoda and VW, and the scheme is managed by fleet provider Leasedrive.Thomas Humphris, head office HR and UK reward director ...
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Article
British American Tobacco extends fleet contract
British American Tobacco (BAT) has extended its 350-car fleet contract for a further three years.Following a review process, the tobacco group decided to extend its contract with Leasedrive Group. The contract has been in place since 2004.Viv Windrum, fleet manager at BAT in the UK, said: “Following an extensive review ...
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Article
Be clear about the facts on salary sacrifice cars
If you read nothing else, read this …Employers must ensure the wording they use when communicating salary sacrifice car schemes to staff members is not misleading.Employees need to be clear that they do not own the car, the breakdown of the calculations and what the commitment really entails.Paper and electronic ...
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Article
TMC launches mileage audit tool for smaller fleets
Fleet provider TMC has launched a mileage audit tool for smaller fleets with between one and 100 drivers.Based on the fleet provider’s existing product for larger fleets, the service, called TMC2, allows employers to log and audit business journeys, deter drivers from over-claiming and automate the payment of mileage expenses.Employers ...