Super Deductions favour van purchase over van leasing Salary Sacrifice looks set to become more popular No change in company car tax with generous incentives for zero emission cars Budget report presented in association with BCF Wessex, tax consultants and creators of Gensen car calculator tools THOUGHT there was nothing of note in Wednesday’s Budget (03 March 2021) for leasing brokers? Then…
DIESEL cars featuring 48V mild-hybrid technology will be exempt from the 4% government surcharge on diesels, regardless of whether they are RDE2 compliant or not. The change in status follows an announcement from the DVLA and HMRC that mild hybrids would be eligible for both the lower rate of BIK taxation as well as reduced VED under the alternative fuel discount scheme.…
THE changes made by HMRC to company car benefit in kind (BIK) tax from April this year effectively ruled out most ICE (Internal Combustion Engine) cars for business cars. Not all, that’s true. But most have become increasingly uncompetitive on BIK tax. The focus on clean air, particularly in urban areas, and the government’s urgency to bring forward the banning of all…
TAX consultancy and automotive software developer, BCF Wessex, will shortly launch two new salary sacrifice calculators as part of its Gensen suite of online consultancy tools. Gensen is a simple to use, intuitive collection of calculators and comparators. Brokers and leasing companies can use the online tools to assist companies and employees to make the right business car choices. The company said…