Home/Tag: salary sacrifice

Are you aware of benefit savings to reduce costs post COVID-19?

By |2020-08-26T09:57:03+01:00August 26th, 2020|Categories: Leasing & Finance News|Tags: , , , |

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.

Industry insight: the leasing year ahead

By |2017-01-20T10:28:13+00:00January 20th, 2017|Categories: Leasing & Finance News, Sector Analysis|Tags: , , , , , , , |

As we look at the leasing year ahead let’s start with a particularly encouraging trend. The number of vehicles being bought into fleets is on the rise. According to the Society of Motor Manufacturers and [...]

Business car sector unites against new tax raid

By |2016-10-21T07:50:16+01:00October 21st, 2016|Categories: Leasing & Finance News|Tags: , , |

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 [...]

BVRLA responds to tax policy review affecting fleet sector

By |2016-08-11T16:10:17+01:00August 11th, 2016|Categories: Leasing & Finance News|Tags: , , , |

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). [...]

Tusker secures National Grid salary sacrifice renewal

By |2015-08-06T10:37:47+01:00August 6th, 2015|Categories: Leasing & Finance News|Tags: , , , |

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 [...]