CASH: I’m not sure the last time I actually used ‘physical money’ since the pandemic started in March, preferring contactless card transactions delivered digitally and securely, rather than notes touched by humans. But cash still has a role to play in company car provision, whether that’s a company car, salary sacrifice car or a cash alternative. Provision of a car remains an…
GLASGOW-headquartered leasing broker and fleet management company, Fleet Alliance, has bought a licence to use the Gensen suite of tax and financial calculators. Developed by specialist tax consultancy and automotive software developer, BCF Wessex, Gensen facilitates customer consultation in real time across a range of financial tools, including both employer and employee positions depending on the choice of financial product. Fleet Alliance…
TYPE into your search engine of choice – OK, Google then – and enter salary sacrifice cars. At the latest count there were 13.4m entries about salary sacrifice. Following the benefit in kind changes in April 2020, salary sacrifice has become widely talked about as a way for drivers to go green by driving electric cars or plug-in hybrids, and for companies…
RESEARCH from the Arval Mobility Observatory indicates that Business Contract Hire (BCH) is going to gain significant traction. Researchers asked businesses whether they expected an increased use of BCH in the next three years: more than a quarter (26%) of fleets said yes, compared with just over one in 10 (12%) when the same question was posed in 2019. Shaun Sadlier, head…
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…