A new tax era for company car drivers

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”

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?”