All Company cars articles – Page 8
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ArticleStaff will not incur benefit-in-kind tax for charging electric vehicles at work
Autumn Budget 2017: Employees that charge their electric vehicles at work will not incur a benefit-in-kind charge on the electricity used.Chancellor Philip Hammond announced the move, which will come into effect from April 2018, during his Autumn Budget 2017 speech today (22 November).The announcement is part of the government’s focus ...
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ArticleDiesel supplement in company car tax to increase by 1%
Autumn Budget 2017: The government has announced that the existing company car tax diesel supplement will increase from 3% to 4% in April 2018.This will only apply to diesel cars that do not meet the latest emissions limits.In the Autumn Budget 2017, Chancellor Philip Hammond also announced that, from April ...
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ArticleSecond Finance Bill to legislate for pensions advice exemption and company car tax bands
A second Finance Bill 2017 has been introduced into Parliament, which includes the introduction of an income tax exemption for the first £500 of employer-arranged pensions advice, company car tax bands, and the retrospective application of the money purchase annual allowance (MPAA).A number of measures were dropped from the Finance ...
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Article27% of company car drivers unaware of tax changes
More than a quarter (27%) of employee respondents who drive a company car are not aware of the tax changes affecting company cars introduced by the government in April 2017, according to research by OSV.Its survey of 527 company car drivers also found that 46% of those respondents who are ...
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ArticleChinese firm plans to sell cars through a vending machine
Something for the weekend: Employers looking to procure company cars for their workforce have a range of options available to them. And organisations in China may soon have a n additional one to add to that list. Chinese online shopping organisation Tmall has come up with an innovative car shopping ...
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Case StudiesNottingham City Council amends staff travel schemes in response to salary sacrifice changes
Nottingham City Council closed its company car scheme and amended its staff travel benefits to be offered through net pay in order to counteract the loss of tax advantages.The council, which has 7,000 employees, closed its company car scheme in December 2016 to new members, following the government’s confirmation that ...
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OpinionJohn Pryor: Employers need to look at the total cost of mobility as staff travel options unify
Employee travel choices for business journeys have never been more numerous than they are today.Consequently, the opportunities for employers to implement a diverse, multi-faceted, sustainable mobility plan and simultaneously display corporate social responsibility have never been greater.Travel options range from the established, such as cars, whether organisation-provided, a hire car ...
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AnalysisWhat are the latest trends in staff travel?
Need to know:The changes to salary sacrifice arrangements that impact car schemes offered on this basis may have changed some employees’ attitudes to cars, but promoting green cars is an option for employers.Employers can support the implementation of electric and hybrid cars by investing in charging points.Changing working practices, such ...
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ArticleGovernment to end the sale of petrol and diesel cars by 2040
The government has confirmed that it will end the sale of all new conventional petrol and diesel cars and vans by 2040 in order to tackle air pollution levels.The UK plan for tackling roadside nitrogen dioxide concentrations, produced by the Department for Environment, Food, and Rural Affairs (Defra) and the ...
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ArticleGovernment to invest in battery technology and autonomous vehicle development
The government will invest £246 million into the research and development of battery technology and £25 million into connected and autonomous vehicle development.The four-year £246 million investment, known as the Faraday Challenge, will form a key part of the government’s industrial strategy, which aims to tackle long-term challenges in the ...
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ArticlePoll: 23% cite staff demand as reason to offer driverless vehicles as company cars
Employee Benefits poll: Less than a quarter (23%) of employer respondents cite employee demand as a factor that would influence their decision to include driverless vehicles in company car schemes.A poll of www.employeebenefits.co.uk readers, which received 31 responses, also found that 26% of respondents view duty of care and safety ...
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ArticleWESC Foundation launches salary sacrifice car scheme
Visual impairment services organisation the WESC Foundation has introduced a salary sacrifice car scheme for its 240 Devon-based employees.The organisation launched the Lifestyle Lease scheme, provided by Maxxia, in June 2017 in order to extend the range of benefits available to staff.The scheme enables the lease agreement to be made ...
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Article25% cite a company car as the deciding factor when taking a job
A quarter (25%) of employee respondents cite access to a company car as the deciding factor when taking a job, according to research by vehicle supply organisation OSV.Its survey of 676 employees and 180 employers also found that 54% of employee respondents view a company car as the best benefit ...
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ArticleEXCLUSIVE: 54% offer a car allowance
EXCLUSIVE: More than half (54%) of employer respondents offer a car allowance, compared to 45% in 2016, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that almost all (97%) of those respondents that offer a ...
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AnalysisWhat will company car schemes of the future look like?
Need to knowThe government is investing in both electric vehicle (EV) and autonomous vehicle (AV) technologies and infrastructure.However, electric vehicles will not take off until concerns about the distance these are able to travel between charges is fully overcome and employees also accept a change of driving mindset.There are a ...
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Analysis
Infographic: The car benefits currently offered by employers
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Case StudiesPanasonic provides electric company cars and free charging points to employees
Almost 20% of electronics manufacturer Panasonic’s 170-strong UK company car fleet is made up of hybrid or electric vehicles (EVs), supplied through provider Alphabet on a contract hire or salary sacrifice basis.Yet, while very much an evangelist for electric vehicles, Jason Plummer, senior manager at Panasonic, concedes electric is not ...
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Supplier article
Electric vehicles and benefits schemes
Electric vehicles are nothing new, but it’s taken several decades for them to reach the tipping point to become a viable alternative to traditional fuelled vehicles. Political, economic and practical limitations have until recently consigned electric propulsion to the more specialist and obscure vehicles.But are we finally about to see ...
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ArticleLondon Ambulance Service and Nottingham City Council shortlisted for staff travel benefits
London Ambulance Service NHS Trust and Nottingham City Council (pictured) have been shortlisted in the best staff travel benefits category at the Employee Benefits Awards 2017.This award recognises the most effective use of benefits for staff travel and car schemes.The full category shortlist is:London Ambulance Service NHS Trust (Entered by ...
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OpinionSusan Ball: What do the changes to salary sacrifice mean for employers?
With publication of the Finance Bill, the final legislation around changes to salary sacrifice is now available, and considerably more pages have been added. Given the volume of additional legislative text, coupled with the short timeframe between publication and the 6 April 2017 effective date, employers face significant practical difficulties ...