All Company cars articles – Page 46
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Case Studies
Volvo offers EAP perk to staff
Case study: Volvo Cars UKVolvo Cars UK, based in Marlow, Buckinghamshire, has made an EAP available to staff since 1993. More than 250 employees and their families have access to the scheme, allowing them to take advantage of telephone and face-to-face counselling.Janet Burr, human resources manager at Volvo Cars, says: ...
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Article
News update - PwC adds green cars to attract graduates
A new company car scheme that offers environmentally-friendly vehicles has been launched by Pricewaterhouse-Coopers (PwC) to help attract 1,200 new school leavers and graduates.From this month, eligible recruits can choose from seven low CO2-emission cars as part of the School Leavers' and Graduate Entrants' car scheme.Carolyn Wilkinson, senior employee benefits ...
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Article
Avoid tax investigations into your drivers' mileage
The Miles Consultancy has launched a brand new cost effective and simple on-line solution to the ever-growing investigations by the HMRC into driver' business mileage data.For 99 pence per driver per month drivers can have a fully automated system that accurately and efficiently gathers and records information through an on-line ...
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Analysis
Cars to cash switch drives up insurance?
Even the safest drivers may be robbed of a no-claims bonus history when they switch from a company car to a cash allowance scheme, says Nick GoldingIf you read nothing else, read this ...Switching from a company car to a cash allowance scheme can impact on an employee's insurance premiums.A ...
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Article
Legislation update - Government's Eco worries
A plan to review employee car ownership (Eco) schemes published by HM Revenue and Customs (HMRC) last month has prompted speculation that new tax legislation could be introduced next year.The publication stated that the review will cover areas such as how Eco schemes work, what the impact of schemes has ...
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Article
Work-related road accident woes
Employers are not doing enough to prevent work-related road accidents, according to a study by ALD Automotive. Some 40% do not review accidents, and over half (58%) of employers do not interview drivers after accidents. A further 56% do not have a strategy in place to prevent common accidents recurring, ...
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Article
Pfizer pares back car choice across Europe
Pfizer is cutting company car choice across Europe after successfully implementing the policy in the UK.The move goes against a current trend for organisations to offer staff a greater choice of company car. Pfizer introduced measures last year to align its fleet and cut back on costs, which effectively reduced ...
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Analysis
Feature - Focus on cars: Early action on smoking in cars advocated
Future legislation could make smoking in some company vehicles illegal, so experts are advocating early action to stop the situation becoming a drag, says Nick GoldingIf you read nothing else, read this ...The final details of the Health Bill, are to be approved in July 2006, outlining future English and ...
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Article
Laboursite exceeds savings through cash allowance scheme
Laboursite, a Middlesex-based construction logistics company, expects to exceed projected savings targets after implementing a cash allowance scheme.Simon Mills, fleet and expense control manager, said the firm has already saved £34,000 in income tax and national insurance contributions in the seven months since the scheme has been operating. It initially ...
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Article
Philips reduces driver grades
Electronics company Philips is to simplify its UK fleet arrangements for its 1,000-plus business drivers by reducing the number of grades on offer.The firm, which allocates cars according to employees' role and position, currently has around 10 grades for business users. It is now looking to reduce these to approximately ...
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Analysis
Feature - Focus on cars: Choice an incentive for company car drivers
Contract hire deals for company cars offer duty of care protection, but does the choice of marques compare to the freedom of cash allowances, asks Jamin RobertsonIf you read nothing else, read this ...Duty of care obligations have encouraged some organisations to opt for the control of company cars over ...
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Article
Fleets welcome excise duty cuts
Fleet observers have welcomed vehicle excise duty cuts announced in the 2006 Budget, but say fee hikes on new "gas guzzlers" will not deter buyers.The government has revised vehicle excise duty charges with effect from 23 March. Vehicle excise duty will now not be payable on vehicles with carbon dioxide ...
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Analysis
Cash allowance calculations crucial
Nick Golding sorts through the confusion surrounding cash allowance calculationCase studies: Yorkshire Building Society, McDonald'sArticle in fullIn essence, when it comes to company cars, cash allowance schemes do exactly what they say. That is, allow employees to exchange their company car for its equal value in cash. The money is ...
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Analysis
Feature - Special report: Fleet: Do cash allowances detract from corporate social responsibility?
Jamin Robertson asks if cash allowances encourage drivers to do high mileageCase studies: Chard, WhitbreadArticle in fullQuestions have been raised about drivers who receive cash allowances using attractive fuel reimbursement rates to run up excessive amounts of mileage.Employees who have transferred into haphazard cash alternatives may envisage a profit from ...
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Analysis
Feature - Focus on cars: The tax position of diesel cars
A flurry of demand preceded the abolition of the 3% benefit-in-kind concession on Euro IV diesels. Jamin Robertson finds the impact unlikely to significantly sway demand for dieselIf you read nothing else, read this ...The abolition of the 3% benefit-in-kind concession on Euro IV diesel cars on 1 January this ...
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Article
Employee Benefits Future Strategy 2006 - Sponsor's comment: The price versus suitability battle
Article in fullThe business car environment moves faster and becomes more complex every year, continually presenting fleet decision makers and their suppliers with new challenges. Two distinct sides to the company car market have emerged in recent years and this trend will continue in 2006.On one side are basic deals ...
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Analysis
Future Strategy 2006 - Employers face overriding car liabilities
The rise in personal car usage doesn't abate as organisations still shoulder onerous responsibilities if private vehicles are used for work purposes, says Curtis HutchinsonArticle in fullTales of the impending demise of the company car are as old as the benefit itself and are invariably linked to a change in ...
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Analysis
Feature - Focus on cars: Employee car ownership plans deliver for employers
Flexibility and organisational control are factors driving the demand for Ecop schemes, says Curtis HutchinsonIf you read nothing else, read this ...The provision of cash alternatives to company cars became popular in the run up to new benefit-in-kind (BIK) April 2002 tax rules.Ecops are run by fleet funding providers and ...
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Article
Employers seek to raise perks but not the costs
Benefits professionals expect to be kept busy this year with plans to enhance their organisation's reward packages, according to research conducted by the Chartered Institute of Personnel and Development (CIPD).Just under half of respondents (46%) to the CIPD's Reward management survey 2006 intend to introduce new benefits, 15% plan to ...
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Article
News update - Nestlé UK helps to swallow car charges
Nestlé UK has introduced tax-free car parking for the 1,000 employees based at its Croydon head office in an attempt to boost its benefits package.The company is also planning to relaunch some existing benefits in February, including the home computing initiative (HCI), travel insurance, holiday trading and a healthcare cash ...