All Company cars articles – Page 26
-
Article
TomTom Business Solutions launches fleet product
TomTom Business Solutions has launched a fleet product for organisations to promote safer and more economical driving.WebFleet OptiDrive provides fleet managers with performance information for speeding, fuel efficiency, idling and braking in one indicator bar.The indicator allows managers to compare the driving style, efficiency and safety of drivers, monitor trends ...
-
Analysis
Fleet policies go greener
If you read nothing else, read this...During the financial crisis, employers were hesitant to acquire new cars, so it became more common to extend hire contracts.Employers are looking to greener cars to reduce the cost of running a fleet.Employers are monitoring business miles, considering whether travel is necessary and if ...
-
Case Studies
Case study: Trader Media offers self-service fleet scheme
Trader Media Group (TMG) fully outsourced the management of its cash allowance scheme and car fleet to Zenith Provecta in 2009.The publisher, which owns the Auto Trader website, runs a fully expensed company car and fuel card scheme for its 256 essential business drivers, most of whom work in sales ...
-
Article
Income tax charge for senior executives’ company cars
Senior executives who benefit from company car schemes and owner-directors with luxury cars are to be hit with a new income tax charge from 6 April.Under the new rules, the P11D tax paid on company cars, such as Ferraris, Lamborghinis, Bentleys and top-end Mercedes and BMWs, will increase significantly as ...
-
Article
National Grid introduces salary sacrifice car scheme
National Grid has introduced a salary sacrifice car scheme to its 10,000 UK employees.The scheme is available through National Grid’s online flexible benefits scheme, provided by Vebnet, with vehicles provided by Tusker.After a soft launch in November and roadshows held at National Grid offices across the UK, the scheme was ...
-
Case Studies
Case study: Cable and Wireless broadcasts a win-win fleet solution
Cable and Wireless Worldwide launched an environmentally friendly, cost-conscious, salary-sacrifice car scheme for its 5,000-plus UK staff at the beginning of August 2010.The scheme is set up on a two-year basis and is available for employees to join at any time. After the two years, staff can choose to return ...
-
Article
ALD Automotive research: Financial directors more concerned with rising fuel costs than VAT increase
Over half of UK financial directors (53%) are more concerned about the impact of the rising price of fuel on their business than the recent VAT rise, according to research from ALD Automotive.The ALD corporate survey also found that one in ten respondents would expect their business to make redundancies ...
-
Analysis
Thought leaders: Academic insights: Renting cars by the day can save money
Key points Many company-provided cars are under-utilised Grey fleet cars are now subject o health and safety regulations Daily rental contract rates can be cost-effective and software can assist with in-house monitoring†Daily rental could be a cost-effective way to provide cars for business use, says Peter CookeConventional wisdom suggests that ...
-
Article
Budget 2011: Disguised remuneration rules could include car salary sacrifice
Chancellor George Osborne has confirmed that the government will introduce legislation to target arrangements intended to disguise remuneration or avoid restrictions on pensions tax relief.It has not yet clarified whether this will include salary sacrifice car schemes.Alastair Kendrick, director of employment tax services at Mazars, said: “There is a commitment ...
-
Article
Budget 2011: Approved mileage allowance payments to rise to 45p
In his Budget report, chancellor George Osborne announced that the approved mileage allowance payments (Amap) rates for an employee using their own car on a business trip will rise to 45p per mile for the first 10,000 miles.After 10,000 miles, the rate will be 25 pence per mile.Alastair Kendrick, director ...
-
Article
Budget 2011: Company car tax frozen for low CO2 cars
Chancellor George Osborne has announced a freeze on company car tax from April 2013 in a bid to encourage businesses to use ultra-low-carbon vehicles.The Budget report set out plans for a 1% increase on company car tax for all vehicles with emissions between 95g/km and 219g/km from the same date.Rates ...
-
Article
Ceridian renews contract hire and fleet management contract
HR and payroll services provider Ceridian has extended its contract with Leasedrive Velo to supply contract hire and fleet management services.The contract covers a fleet of around 100 contract hire cars and 120 cash-for-car drivers. It predominantly uses models from manufacturers Audi, BMW and Volkswagen.Doug Sawers, managing director of Ceridian ...
-
Article
CFC Solutions: Speeding and mobile phone use are most common company car offences
Exceeding the speed limit and using a mobile phone while driving top the 10 most common driving offences committed by company car and van drivers, according to research from CFC Solutions.The research, based on users of CFC Solution’s licence checking software, found that the exceeding the speed limit on a ...
-
Article
News analysis: Essential economy drive
Escalating fuel prices are forcing employers to make sure that their company cars are being used as efficiently as possible, says Tynan BartonDrivers saw in the new year with a double increase in fuel price. On 1 January, a rise in fuel duty saw 0.76p/litre added to both petrol and ...
-
Article
Leasedrive Velo publishes guide to grey fleet management
Leasedrive Velo has published a guide to grey fleet management.Its Essential Guide to Grey Fleet Management looks at the background behind the rise in grey fleets; the legislative considerations to remain on top of duty-of-care obligations; environmental considerations; the financial impact; essential grey fleet guidelines; and ways of reducing grey ...
-
Article
Drive Smarter launches e-learning driver training for small fleets
Drive Smarter has launched an e-learning programme to help small fleets with compliance, cost-savings and risk reduction.The programme is designed to assist in reducing accidental damage costs and result in a safer working environment as well as addressing the required duty of care to employees.The Drive Smarter Small Fleet programme ...
-
Analysis
Company car salary sacrifice: watch the risks
If you read nothing else, read this... Common risks with salary sacrifice company cars are around early leavers, parental leave and long-term illness. Employers should also be aware that, when changing to a salary sacrifice scheme, it must be reflected on the employee's contract. Make it clear to staff that ...
-
Article
Aston University introduces salary sacrifice on company cars
Aston University has introduced a company car salary sacrifice arrangement to its flexible benefits plan.†Through the scheme, which is provided by Tusker, employees can surrender up to 20% of their salary in return for a new car of which they will take ownership for three years.Aston University has also set ...
-
Article
Hitachi Capital to offer car allowance to graduates
Hitachi Capital is offering graduates that join its new graduate programme to be implemented in 2011 in its sales division a company car allowance as part of efforts to recruit the best talent.A company car allowance will be given to all new joiners who try their hand at a career ...