Autumn Statement sees several key changes for fleets

  The Chancellor, Philip Hammond, announced changes to salary sacrifice schemes, new tax bands for electric vehicles, a freeze in fuel duty and extra spending on roads and electric vehicle infrastructure in his Autumn Statement.   1. ULEVs exempt under…

Electric vehicle registrations reach new record

Registrations of new electric vehicles (EVs) reached a new record for the first eight months of this year, but the latest figures have shown a buying preference for range extenders and plug-in hybrids rather than pure EVs. Some pundits have…

UK grey fleet at record levels

The nation’s grey fleet is at record levels and accounts for some 40% of all vehicles on the road, costing companies more than £5.5bn a year in mileage claims and car allowances, says a new report. Getting To Grips With…

New tax proposals for Ultra Low Emission Vehicles

New company car tax bands, based on how many miles a vehicle can be driven in pure electric mode, have been proposed by HMRC in a consultation process looking into key areas of the fleet market. The consultation, which runs until October…

Taxman begins consultation on salary sacrifice cars

The Government has begun a consultation into salary sacrifice schemes, including those that cover company cars, with proposals to charge income tax and National Insurance on them. This is one of three areas affecting company cars that the Government currently…

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