All Company cars articles – Page 23
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Analysis
Salary sacrifice company cars: How to implement a scheme
Top tips for set-up Find out how much employee demand there is for the benefit. Seek specialist tax advice. Ensure the launch fits in with any other new benefits planned. Make sure the portal highlights tax breaks and explains the commitment staff are making.Employers must do a lot of groundwork ...
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Analysis
Salary sacrifice company cars: What is salary sacrifice?
The advantages of offering a salary sacrifice car scheme A tax-efficient benefit for employees and, to a lesser extent, employers, at little or no cost to the business. A useful retention, engagement and motivation tool. Employees get hassle-free access to a car they may not have been able to afford ...
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Article
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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Article
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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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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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
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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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
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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Article
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
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
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
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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Article
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
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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Article
EXCLUSIVE: Equiniti Group adds cars and insurance discounts to flex
Equiniti Group has added two company car schemes and an insurance discount scheme to its flexible benefits package.The new benefits, which will launch on 1 January 2012, include: a car-leasing scheme provided by ALD Automotive; a discounted car-purchasing scheme provided by Lloyds Bank; and the Open Door scheme from mortgage ...
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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 ...
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Article
Autumn Statement 2011: The impact on employee benefits
Chancellor George Osborne delivered his Autumn Statement to government on 29 November 2011. Here is a round-up of the key issues affecting employee benefits.Fuel duty increases revisedThe 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 ...
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Article
Autumn Statement 2011: Fuel duty increases revised
The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 April 2012.The inflation increase, which was planned for 1 August 2012 and was expected to be in the region of 1.92ppl, ...
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Article
Arqiva extends fleet contract
Arqiva has extended its car rental agreement for a further two years.The agreement is through the rental management division of the Leasedrive Group.It is important for the communications infrastructure and media services organisation, which has sites in the islands around Scotland and the Channel Islands, to have extensive fleet coverage ...