benefit in kind BIK - Page 2

Van or not a van, that is the question

Ian Goodwin, tax partner at Mazars, says he is concerned that many businesses could be sleepwalking into a significant tax liability.

20 Apr

Polestar provides blueprint for start-up success in fleet

The right product and processes helps fledgling brand increase registrations 80% in a year.

Business profiles - manufacturer 3 Apr

Salary sacrifice: Five steps to make your scheme a success

Salary sacrifice (sal/sac) is increasing in popularity among companies as a way of giving employees a cost-effective way of accessing a low emissions car. But a high uptake is not always guaranteed. We look at how to make a scheme work for both businesses and staff.

Fleet funding 15 Mar

Company car tax clarity provides “long-term certainty”

BIK tax rise will raise an additional £495 million for the Treasury from 2025-2028.

9 Dec

Government provides ‘all-important’ clarity for fleets

Harvey Perkins, director at HRUX, analyses the tax changes made in the Autumn Statement.

9 Dec

Autumn Statement: Fleet industry reacts to changes to BIK and VED

The publication of future company car tax rates has been welcomed by the sector, but there are concerns how subjecting EVs to VED could impact the market

autumn statement 18 Nov

Pile of pound coins on top of £5, £10 and £20 notes

Fleet industry hopes for clarity in Autumn Statement

The fleet industry will be looking for clarity from the Treasury, when the Chancellor delivers the Autumn Statement tomorrow (Thursday, November 17).

16 Nov

Government ‘must’ keep vital tax incentives to maintain fleet EV momentum

BVRLA and AFP urge fleets to write to the new Chancellor urging him to keep BIK low.

3 Oct

BVRLA director of corporate affairs, Toby Poston, at Transport Select Committee hearing into road pricing

New Chancellor needs to see the benefit of backing EV fleets

BVRLA director of corporate affairs, Toby Poston, says that a supportive tax environment is critical to maintaining EV adoption rates.

3 Oct

New HMRC data shows 80,000 fewer company car drivers

Newly published figures show the number of employees now paying benefit-in-kind (BIK) tax on a company car has fallen by a quarter (25%) since 2015/16.

benefit in kind BIK 29 Sep

Fleets want faster charging to avoid unnecessary downtime

Almost three-quarters (73%) of large fleets want shorter charging times which can compete with a five-minute fill-up of fuel, according to Autofocus.

22 Aug

VWFS Fleet joins call for future BIK clarity

VWFS Fleet is urging the government to provide clarity on benefit-in-kind (BiK) rates after 2025.

electric fleet - benefit in kind 25 Jul

AFP concerned about Government plans for company car tax

The fleet trade body is worried that the recent scrapping of the plug-in car grant scheme could signal a move away from favourable BIK rates for EVs.

benefit in kind BIK 11 Jul

Company car popularity down to financial security and convenience

The financial benefits of operating a company car, followed by convenience, are driving the popularity of the company car, according to fleets.

vehicle provision 8 Jun

Fleet briefs: Latest industry news from Octopus, Quartix, Grosvenor Leasing, Maxus and BCA

Octopus Electric Vehicles secures HSBC UK funding for its salary sacrifice scheme and Quartix announces the launch of an electric vehicle (EV) planning service.

sustainability 6 Jun