All Company cars articles – Page 33
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Article
Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits
Law firm Freshfields Bruckhaus Deringer has added a salary sacrifice arrangement around cars to its flexible benefits plan to enable more of its 1,800 staff to have access to a company car.Through the salary sacrifice car scheme, provided by Tusker, staff can save up to 40% on income tax and ...
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Analysis
Cutting fleet costs while matching employee needs
Employers are looking at various ways to cut car costs during the recession, including mixing fleet funding methods to better match arrangements to individual employees' need, says Nicola SullivanIf you read nothing else, read this...- Employers that adopt a mixed-fleet approach, rather than a one-size-fits-all method, may be able to ...
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Cars most at risk from cuts
Cost-cutting remains high on many employers' agendas, with one in four financial decision-makers prepared to cut all types of employee benefits.According to the Employee Rewards survey published by Lloyds TSB Autolease, just under a quarter (23%) of the 200 financial decision-makers questioned said they would not offer any form of ...
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Analysis
Benefits surgery: Company cars and salary sacrifice
We are considering implementing a salary sacrifice arrangement for our company cars. How would this work?We are seeing a significant amount of interest in salary sacrifice arrangements for cars. The interest may come from the view that there is a possibility of introducing this benefit at no cost to the ...
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Four out of ten fleet managers believe drivers are against safety training
Four out of ten fleet managers believe their drivers would not be willing to take part in safety training.The findings, from the Arval-backed Corporate Vehicle Observatory (CVO), demonstrate that significant numbers of business drivers are resisting the opportunity to mitigate their road risk.The research found that 11% of respondents felt ...
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Impact of tax changes on company car fleet costs
As the residual value of cars has fallen, contract hire schemes seemed like the best bet, but recent tax changes may have a bigger impact on fleet costs within an organisation, says Victoria FurnessIf you read nothing else, read this...A car's residual value is the amount it is worth at ...
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Article
Cutting vehicle fleet costs
Extending the period or mileage of a fleet contract might seem a sensible cost-efficient measure, but increased maintenance and other factors could outweigh any savings, says Nic PatonIn March, telecoms giant Vodafone told its 10,000 UK employees that, along with scrapping pay rises and ditching bonuses this year, anyone driving ...
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Taylor Nelson Sofres centralises fleet provision
Market research company Taylor Nelson Sofres is to centralise its UK fleet management function and introduce an accident management system.The firm has appointed CLM Fleet Management to look after its 130-strong fleet, which was previously de-centralised with a number of different offices taking individual decisions.The new centralised approach aims to ...
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Article
Kellogg’s switches company car provider
Kellogg’s has switched company car provider in order to cut costs and offer a wider range of vehicles to staff.The Manchester-based food company operates a 200-strong company car fleet and has signed a three-year sole supply maintenance contract hire agreement with ALD Automotive.The switch follows the completion of an extensive ...
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Article
Leasedrive Velo Group launches mileage capture and reporting system
Leasedrive Velo Group has launched a fully-automated secure online business and private mileage capture and reporting mechanism.With the ability to capture private mileage data from fuel and cash invoices, the Mileage:Manager system is designed to cuts costs and increase the efficiency for customers. Mileage:Manager delivers an online journey log, linked ...
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Microsoft pilots driver training event
Microsoft has held a pilot driver training event as part of its programme to encourage fuel economy, reduce carbon emissions, improve driver safety and reduce wear on vehicles.The company invited 100 employees to take part in the event at its Reading campus last month. Staff first went out for a ...
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Article
T-Mobile connects drivers with greener, safer cars
T-Mobile has revamped its fleet to improve car safety for drivers and reduce CO2 emissions.The mobile phone network provider has increased the number of smaller, more environmentally friendly cars available to staff through its company car scheme.Models now available include the Audi A3, BMW 1 Series and Mini Cooper.In its ...
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Article
Budget 2009: Vehicle excise duty reformed
The government has announced a series of measures in this year's Budget to reform vehicle excise duty in a bid to incentivise the purchase of lower-emission cars.From May 2009, it will increase the number of vehicle excise duty bands from seven to 13 in order to provide drivers with a ...
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Budget 2009: Tax relief abolished on some alternative fuel cars
The government is to abolish the company car tax relief available on some diesel and alternative fuel cars.Under changes announced in this year's Budget, the discounts on company car tax that are currently available for Euro 4-standard diesel cars registered before 1 January 2006, higher-emitting hybrid cars and alternative fuel ...
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Budget 2009: Fuel duty increased
Fuel duty will increase by two pence per litre on 1 September and subsequently by one pence per litre in real terms on 1 April each year between 2010 and 2013.The change was announced by Chancellor Alastair Darling in this year's Budget report in order to support fiscal consolidation.
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Budget 2009: Car tax changes intended to encourage greener fleets
The government has announced changes to company car tax that are intended to encourage take-up of more fuel-efficient cars in company fleets.The company car tax changes will take effect from 2011.The CO2 threshold at which the 15% company car tax applies will be reduced by five grams of CO2 per ...
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Somerfield updates vehicle management process
Somerfield has taken steps to make the administration of its fleet more efficient and help meet its duty-of-care responsibility.The new online scheme includes an automated mileage capture system to record details of business trips and personal mileage, run by the Miles Consultancy. This is designed to make the process of ...
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Article
Fujitsu Services pilots road risk programme
Fujitsu Services is piloting a two-month long occupational road risk programme for more than 1,000 of its company car drivers.For the first time, all business-need company car users who drive a minimum of 8,000 business miles a year have been asked to complete an online driver risk training and assessment ...
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Analysis
Driving down fleet car costs
Executive summaryNovember's pre-Budget report confirmed the last pieces of the company car taxation jigsaw to bring them in line with the government's CO2 agenda. So now might be a good time for employers to revisit their fleet strategy.If employees can be switched into lower CO2-emitting cars, there is a compelling ...
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Analysis
Ensuring the safety of company car users
There is little legal compulsion for employers to ensure their company car users are sufficiently fit and healthy to drive, but there are plenty of good reasons why they should do so, says Katrina McKeeverThere is little in law to compel employers to check the health of their drivers when ...