All Company cars articles – Page 5
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AnalysisTop tips on implementing electric company car schemes
Need to know: Electric vehicles are now a realistic option for company fleets, either as an employee benefit or through salary sacrifice arrangements. Favourable benefit-in-kind rates are making this more attractive compared to petrol or diesel options. But some concerns remain around charging infrastructure and battery ...
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OpinionJim Saker: Electric company cars need a balance between incentives and practicality
The future growth in electric cars provided as a benefit to employees relies on a balance between the hype, the incentives and the practicality. With the government announcement of the 2030/35 ban on the sale of conventional petrol and diesel cars, most of the manufacturers have trumpeted the arrival of ...
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ArticleStar Refrigeration converts to all EV car salary sacrifice
Glasgow-headquartered industrial refrigeration provider Star Refrigeration has announced it has switched its entire car salary sacrifice offering to electric vehicles (EV)-only.The company – which employs 400 people and has a fleet of more than 150 vehicles – said it made the decision in order to make its journeys more sustainable.The ...
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AnalysisHow can employers link carbon-neutral goals with their reward strategy?
Need to know:Organisations are under pressure to reduce their carbon footprints and employee benefits can help with this.Ensuring pension funds are invested in environmentally-friendly businesses is a good place to start, while executives can be rewarded on similar metrics.The use of green reward schemes and encouraging greener forms of travel ...
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ArticleFuel duty frozen for eleventh year
Budget 2021: In his Budget 2021 speech, Chancellor of the Exchequer Rishi Sunak announced a freeze on fuel duty rates for the eleventh year running.Addressing the House of Commons, Sunak announced that fuel duty will remain frozen at 57.95p per litre for both petrol and diesel.Sunak also announced that fuel ...
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AnalysisWhat impact has the pandemic had on company car schemes?
Need to know:The experience of the pandemic, and a year of home and remote working, will probably reduce business mileage in the future.However, while this is unlikely to mean company car schemes will disappear altogether, they may become ever-more focused on the most tax-efficient electric and ultra-low emission vehicles.Cash allowances ...
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OpinionPaul Hollick: The future of company cars is electric
There’s something that sounds like a common-sense argument about perk cars being made in some quarters during the pandemic. It says that people currently working from home who never really needed a company car for their job won’t want to pay tax on that vehicle and are pushing for a ...
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Case StudiesPanasonic considers the future shape of its company car scheme
The accelerated transition to home working over the past 12 months could mean a profound - and potentially permanent - rethinking of the company car market, argues Jason Plummer, senior general affairs manager at electronics manufacturer Panasonic Europe.“There always used to be a resistance in probably 90% of industries to ...
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Supplier articleReward Gateway Announces Salary Sacrifice Partnership with Tusker
Reward Gateway, the leading global employee engagement company, has partnered with vehicle leasing company Tusker to offer a salary sacrifice car scheme to their clients’ employees. The scheme lets employees offset some of their salary in return for a brand new, fully-maintained and insured car, including hybrids and electric vehicles.The ...
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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 ...