A change in legislation which came into effect in April this year means that EVs now have zero benefit-in-kind (BiK) tax. This has resulted in significant savings for employees, as well as savings through lower National Insurance (NI) contributions for the employer. Yet, one fifth (20%) of HR bosses aren’t aware of the recent change, despite 44% and 39% of companies respectively offering either employee car ownership or salary sacrifice for a car.
Employer-provided company car facts Employer-provided car sector is responsible for around 217,000 new registrations each year Company cars are the dominant source of Ultra-Low Emission Vehicle registrations in the UK Purchasing power supports more than [...]
THE BVRLA has responded to a government tax policy review with consultations on three key areas affecting the fleet sector – salary sacrifice schemes, lease accounting and company car tax treatment of ultra-low emission vehicles (ULEVs). [...]
CVM have launched iLease, a product to rival the salary sacrifice sector say the brokers based in Fareham, Hampshire. CVM says iLease allows drivers the ability to quote their own personal lease vehicle via a [...]
TUSKER'S salary sacrifice scheme has won two of the most highly coveted accolades at the 10th Annual ACQ Global Awards, the company winning UK Tax Initiative of the Year and CEO David Hosking honoured for UK Game Changer [...]
Tusker has announced the renewal of its SalarySacrifice4Cars for National Grid employees. National Grid is one of Tusker’s most successful schemes, and is available to 10,000 employees through an on-line benefits portal. The contract has [...]