All Company cars articles – Page 5
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ArticleSkanska UK moves to electric vehicle company car policy
Construction engineering organisation Skanska UK has introduced an electric vehicle company car policy. From 1 December 2020, the organisation will stop offering pure petrol and diesel cars as a benefit to eligible employees. From this date, it will offer electric vehicles as the primary type of car in its fleet, ...
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OpinionAlastair Kendrick: The effect of Covid-19 on staff travel schemes
We have seen, over a number of years, employers challenged to move towards a greener approach to business. This challenge included the question of whether this could incorporate a change to staff travel.These discussions questioned whether there was the opportunity to avoid a physical journey by taking a conference or ...
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AnalysisHow has the Covid-19 pandemic affected staff travel schemes?
Need to know:Employers have adapted their employee travel schemes to meet the challenges posed by the Covid-19 pandemic.With many workforces adopting a remote-working pattern, employers must rethink how to best offer travel initiatives that are suited to their employees.Cycling to work is predicted to rise in popularity as an alternative ...
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AnalysisWhat are the latest trends in company car schemes?
Need to know:Tax changes for low emission vehicles has increased the demand on company car schemes.Employers may benefit from the perks of investing in an electric car scheme.Due to the impact of the Covid-19 pandemic, organisations may be rethinking their company cars strategy.Trends in company car schemes have been shifting ...
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OpinionDave Hedges: Optimising the benefit position of the company car
The idea of being provided with a brand-new car, courtesy of an employer with no initial costs or maintenance to worry about, may seem an attractive proposition. However, there are a number of points to consider from a tax perspective.When an employee is provided with a company car, which is ...
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OpinionAlastair Kendrick: Who really benefits from electric car tax incentives?
It is important to note that the benefit in kind (BIK) on electric vehicles applies only for the year to 5 April 2021, after which we will see the rate increase year on year. Therefore in determining the viability of moving across to an electric car, it is essential to ...
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ArticleCadent offers company car scheme to its employees
Natural gas network Cadent introduced a company car scheme to its flexible benefits programme for all of its 4,076 employees.Due to the nature of the job for many employees at Cadent, the business has introduced a number of flexible benefits since being part of the National Grid in 2011. Since ...
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OpinionCaroline Harwood: Company car tax in the Covid-19 world and for the new normal
Higher car benefit costs have pushed many employers away from company cars and towards a cash-based car allowance in recent years. However, there are still employees who have company cars and who could benefit from a reduced benefit-in-kind charge during lockdown by eliminating the availability of their company vehicles or ...
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ArticleHow will the Spring Budget 2020 affect pay and benefits?
Chancellor of the Exchequer Rishi Sunak delivered the Spring Budget speech to the House of Commons on Wednesday 11 March 2020. Below is a summary of the key announcements that could impact pay and benefits strategies:National insurance contribution threshold to rise to £9,500 from April 2020National living wage projected to ...
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ArticleGovernment announces reduction of most company car tax rates by 2%
Budget 2020: The government has confirmed a reduction of most company car tax rates by 2% in 2020/21, applicable to cars first registered from 6 April 2020.The benefit-in-kind tax rates will return to planned levels over the subsequent years: by 1% in 2021/22, and 1% in 2022/23. Rates will then ...
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OpinionSteven Day: Creating a carbon conscious business culture
Last month, Pure Planet did something that, as far as we know, no other business in the UK has ever done: gave all staff a carbon-free commute to and from work.We achieved this by carbon offsetting every one of our 80 staff members’ individual journeys, saving 480 metric tonnes of ...
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Case StudiesPattonair takes car scheme green to impact environment and help staff save
Aerospace manufacturing supply chain organisation Pattonair has more than 1,000 employees globally, 600 of whom are based in the UK, in Derby and Woking.For its UK employees, for the last 20 years, Pattonair has offered a company car benefit as a perk for those in the top four levels of ...
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AnalysisTop tips for implementing a green travel strategy
Need to know:There are numerous options for employers looking to promote green travel, some of which may already be in place, such as cycle-to-work schemes.Organisations should use data to gauge the extent of the issue, as well as map and measure success.Gamification, competition, and effective communications can all ensure employees ...
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Case StudiesThe benefits offered by Police Scotland
The benefits offered by Police Scotland:PensionsThe Local Government Pension Scheme, a career average revalued earning (Care) scheme, is available for all staff; employee contributions vary dependent on salary and Police Scotland contributes around 19% of an employee’s salary.PayOvertime pay of time and a half, and double time for working on ...
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ArticlePure Planet commits to offset employees’ commuting carbon emissions
Renewable energy supplier Pure Planet has launched a new initiative to offset the carbon emissions created by its employees’ daily commutes.The Zero Commute policy, implemented in October 2019, aims to underline the organisation’s commitment to building a more sustainable and green environment. The programme also aligns with Pure Planet’s Zero ...
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Supplier articleElectric vehicle adoption: Overcoming the barriers
This full, comprehensive walk through will helps you build a business case for electric vehicles, and overcome the often-misunderstood barriers of adopting them as part of your fleet. Organisations and employees who are prepared to make the change to driving electric vehicles (EVs) are poised to save ...
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Supplier article5 ways to make company car tax simple
If there’s one stumbling block that prevents employees taking up a car benefit, it’s benefit-in-kind-tax. This guide gives you five tips to make company car tax simple to increase the uptake of your car benefit programme. Provide working examples USE A PROVIDER WITH AN IN-BUILT TAX ...
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Case StudiesCurtins integrates financial support into its benefits programme
Curtins is a professional services firm that provides civil and structural engineering, transport planning and environmental design and consultancy advice. It operates from 14 locations across the UK and Ireland, and employs 440 staff.The organisation aims to promote a strong culture and values, with a significant focus on caring for ...
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ArticleFour-fifths of UK employees cite salary as important for their happiness at work
Around four-fifths (86%) of UK employees cite salary as the most important factor contributing to their happiness at work, according to research by Capita.The state of IT: The employee verdict, a report which surveyed 2,000 UK professionals who use a computer to access data and applications, also found that 75% ...
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Case StudiesThe benefits offered by TGI Friday’s
The benefits offered by TGI Friday’s:PensionsA defined contribution (DC) pension scheme via the National Employment Savings Trust (Nest): staff save 5% of their salary and TGI Friday’s contributes 3%.Managers and directors of operations can opt to save into a group personal pension (GPP), provided by Standard Life, which enables them ...