Electric Car Salary Sacrifice The provision of a fully maintained and insured company car as part of a salary sacrifice arrangement became increasingly popular in the decade leading up to 2017. The overall cost to an employee of no longer receiving the salary, plus paying tax on the company car BIK was often lower than [...]
Road To Zero Accelerates A few eyebrows were raised last week when the government brought forward plans to ban the sale of petrol and diesel vehicles by 2030. There had long been talk that this may be the case but given the full agenda of the government with Covid19 and Brexit it was nonetheless a [...]
Fleet Management Suppliers the Ultimate List Full-Service Leasing Companies Fleet Management Suppliers in this space will offer a one stop shop for all fleet management services. 1. Lex Autolease www.lexautolease.co.uk Lex Autolease is owned by Lloyds Banking Group and was formed when Lloyds acquired HBOS in September 2008. Lex is the largest leasing [...]
Fleet Management Glossary This article provides a fleet management glossary for some of the terms used in the fleet management industry. Advanced Rental - An initial payment as part of a lease or purchase agreement. Allocation Policy - Defines how a company allocates its company vehicles. Alternative Fuels - Alternatively sourced fuels such as biofuels, [...]
Mobility as a Service (MaaS) Mobility as a Service Definition MaaS is defined as "the integration of transport services into a single mobility service accessible on demand” (Source: MaaS Alliance). The blend of transportation services will include public transport, taxis, bikes, scooters, hire or leased vehicles. The aim of these services is to provide [...]
HMRC Fuel Rates Advisory Fuel Rates (AFR's) should be used to re-imburse business use company car mileage. As long as the mileage rate used to pay employees for business mileage is less than or equal to the appropriate AFR then there is no taxable profit or Class 1A National Insurance to be paid. HMRC [...]
Fleet Management Outsourcing | Leverage the scale and technology of your suppliers Fleet management outsourcing has grown in popularity in recent years. At a time where there are cost challenges for most businesses, outsourcing is being used by businesses as a method of reducing the costs of providing fleet by outsourcing non-core [...]
Fleet Category Management | How to strategically manage fleet spend and reduce operational and supplier risk In this blog we look at global fleet category management and approaches for fleet procurement and supply chain professionals. There are many different approaches from single sourcing across all countries to multi-bidding requirements in each country. After [...]
Fleet Cost Savings | 15 Tips To Make Efficiencies In Your Vehicle Fleet Operations Fleet cost savings are very important for most organisations as it can be one of the largest costs to hit the profit and loss account. Management of these costs is not always easy as they tend to be [...]
Company Car Allowance or Company Car? Many businesses offer eligible employees the choice between choosing a company car or a company car allowance. For many, this can be a difficult choice with a number of different factors to take into consideration. The changing economic situation and fiscal framework has proven to be [...]
