2020 will usher in a new regime for calculating Vehicle Excise Duty (VED) and company car benefit-in-kind (BIK) tax. Fleet Operations outlines the key changes and how you will be affected. Emissions testing: what has changed? A new method for measuring car fuel economy and emissions was introduced in September last year, designed to more … Continue reading “A new tax era for company car drivers”
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Are you ready for the new advisory fuel rates?
HMRC has released its latest advisory fuel rates. These come into force March 1 2018, although you can use the existing rates for up to 1 month from this date. There are three changes: 1p per mile increase to 22p for petrol vehicles over 2,000cc 1p per mile decrease to 8p for LPG vehicles between … Continue reading “Are you ready for the new advisory fuel rates?”
Budget or Brexit – Do they really matter?
The Chancellor George Osbourne delivers his eighth budget on Wednesday and he does so facing a completely different economic outlook to the one he set out just a few months ago. The OBR (Office for Budget Responsibility) recently revised 2015 UK growth down from 3.5% to 2.6% creating the £18bn black hole that is now … Continue reading “Budget or Brexit – Do they really matter?”
