All Company cars articles – Page 29
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Analysis
User-chooser car schemes pay off
If you read nothing else, read this …User-chooser fleet arrangements are designed to ensure the most cost- and tax-efficient funding method is used for each employee.It is important for employer and employee to consider the whole-life costs of the arrangement to decide which route is best.Savings available through user-chooser fleet ...
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Article
Heinz to bring in fuel cards and mileage tracking
Heinz UK and Ireland is to introduce fuel cards and a mileage tracking system for its 500 drivers inan effort to increase the accuracy of claims for fuel reimbursement.The food manufacturer is trialling the system and will roll it out to all drivers during the summer. The system is linked ...
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Article
Cars remain powerful attraction and retention tool for multinational employers
Car benefits remain an important component of employee pay packages for multinational employers, according to a new study from Mercer.Its International Car Policies report found that prevalence of company cars, purchase price, annual allowance paid in lieu of a car or to subsidise car-related expenses, eligibility and frequency of additional ...
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Article
McCarthy and Stone Group appoints new fleet supplier
McCarthy and Stone Group, the retirement property builder, has appointed Alphabet to supply vehicles and accident management for its 200 strong car fleet.As part of its health and safety compliance procedures, McCarthy and Stone will use Alphabet’s driver licence checking service for all drivers and authorised users of company vehicles.The ...
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Article
Twinings outsources fleet management
R Twining and Company has outsourced the management of its 120-vehicle UK fleet.The tea company previously managed its fleet in-house. It has appointed Zenith Provecta to manage its fleet and provide full servicing and maintenance, breakdown and accident management.Kirsty East, category manager for Twinings, said: "The reason we made the ...
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Article
TDG outsources company cars
TDG has outsourced the funding and management of its 150 vehicle company car fleet to Zenith Provecta.The supply chain management organisation has centralised its fleet operation under the new sole supplier agreement. Zenith Provecta will manage its existing fleet and provide full administration services including accident management and a comprehensive ...
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Case Studies
Salary sacrifice company cars: Case studies
North Yorkshire County CouncilA soft launch, with staff allowed to play on the portal for a couple of months but not place orders, helped North Yorkshire County Council iron out any snags and generate interest before its company car salary sacrifice scheme went live on 1 April this year.The council's ...
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Analysis
Salary sacrifice company cars: Choosing vehicles and providers
Deciding on the make-up of your fleet and the best provider to meet your needs calls for some careful calculationsWith new offers and providers entering the market all the time, company car salary sacrifice is becoming both more popular and more competitive. Ask any leasing provider whether they are the ...
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Analysis
Salary sacrifice company cars: How to promote the scheme
A varied and effective communication strategy is essential to make sure your scheme succeedsHowever good your offer or provider, if staff do not know about your scheme, are not clear about how it works or simply are not interested, then all that hard preparatory work can come to nothing.Promoting your ...
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Analysis
Salary sacrifice company cars: Understanding the risks
Fleet salary sacrifice is not without its risks, and employers and employees should recognise the potential financial pitfallsCompany car salary sacrifice schemes bring many benefits, both to employer and employee, but they are not risk-free and will not suit every business.It is imperative that both employers and employees are fully ...
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Analysis
Salary sacrifice company cars: How to implement a scheme
Planning, communication and co-ordination are vital elements to get a fleet salary sacrifice scheme off the groundOne of the attractions of fleet salary sacrifice for the employer is that, if it is done well, there should not be a great deal of internal administration needed once the scheme is up ...
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Analysis
Salary sacrifice company cars: What is salary sacrifice?
Salary sacrifice is a tax-efficient way to give staff access to company cars. Both employee and employer save on tax and NI contributionsIn the post-recessionary economic climate, salary sacrifice means more than you might first think.At a technical level, company car salary sacrifice is, simply, a mechanism through which an ...
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Article
Half of employers do not plan to reduce company car costs
Almost half (47%) of UK organisations do not have a plan in place to reduce the costs of their company car fleet and have no intention of introducing a cost savings plan in 2010.A Lex Autolease/YouGov survey of UK financial directors also revealed 21% of organisations have a plan in ...
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Article
Tusker launches online fuel savings calculator for salary sacrifice schemes
Leasing and fleet management supplier Tusker has launched an online fuel savings calculator to show salary sacrifice drivers how their new company car compares to their existing vehicle.The fuel savings calculator, available through Tusker’s online platform, is included as an additional service for employees who have decided to select a ...
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Analysis
Salary sacrifice company cars: Building a business case
The benefits of a company car salary sacrifice scheme might seem obvious, but the selling points must be set out clearlyBuilding the business case for car salary sacrifice schemes involves two things: making the case internally for doing so in the first place, and making the case to employees once ...
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Article
A quarter of organisations reduced fleet budgets during recession
Just 18% of organisations have reduced their fleet size in response to the recession and difficult economic climate, while 26% reduced their overall fleet budget, according to research from the Corporate Vehicle Observatory and Arval.The annual fleet barometer report also revealed the most important step fleets have taken is to ...
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Analysis
Salary sacrifice company cars: What are the tax breaks?
Tax and national insurance breaks are the driving force behind take-up of salary sacrifice car schemesSalary sacrifice is a matter of employment law, not tax law, in that it will result in a change in employees' terms and conditions because they must give up their contractual right to the cash ...
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Article
Pentland Brands moves from employee car ownership scheme to company cars
Pentland Brands has changed its car scheme from an employee car ownership (Eco) scheme to company cars.The brand management group has appointed fleet management firm Alphabet to manage the change and supply cars and fleet management services, funded on a contract hire arrangement.Portland Brands decided to move away from its ...
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Analysis
Salary sacrifice company cars: Sponsor's comment: Salary sacrifice for cars has come of age
This article is supplied by Zenith ProvectaOver the past 18 months, interest in salary sacrifice for cars has increased dramatically among HR and reward professionals, benefits providers, finance directors and employees, writes Ben Creswick, head of business development, Zenith Provecta.This has been driven mainly by the volume of businesses implementing ...
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Article
Budget 2010: VAT rise impacts on company cars
The rise in value-added tax (VAT) announced in yesterday's Budget could prompt employers to pull forward orders for new company cars to 2010 in order to avoid higher VAT bills.From 4 January 2011, VAT will rise from 17.5% to 20%.Julie Jenner, chairman of fleet body ACFO, said: “The increase in ...