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Vehicle Leasing News | Our Blog

You're viewing our latest 'Company Fleet' blogs...

HMRC increases AFRs for fossil fuel cars but delivers cuts for EVs HMRC increases AFRs for fossil fuel cars but delivers cuts for EVs
Most company car drivers claiming back the cost of fuel from their employers for business mileage can be paid more from June – except electric vehicle drivers. The mix of good and bad news is contained in the latest Advisory Fuel Rates (AFRs) published by HM Revenue and Customs, effective from June 1, 2024. Most drivers of fossil fuel c ...
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Fleets embrace emerging brands as choice lists grow Fleets embrace emerging brands as choice lists grow
Nearly 70% of fleets are adopting or considering newly launched car brands for their choice lists amid the transition to electric vehicles, new research shows. The challenge to established brands was revealed in the 2024 Mobility Observatory from Arval, one of Gateway2Lease’s official partners. It found that 25% of fleets are already ad ...
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Take a business adventure in Ford’s new electric Explorer SUV Take a business adventure in Ford’s new electric Explorer SUV
The new Ford Explorer electric SUV is now available, following the completion of its record-breaking test drive. Adventurer Lexie Alford used the new Explorer to set an official record as the first person to circumnavigate the globe in an electric vehicle. At the end of her journey, she joined a fleet of Ford icons in France for a unique parad ...
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Renault Trafic E-Tech expands zero-emission van options Renault Trafic E-Tech expands zero-emission van options
The Renault Traffic is 40 years old, but the latest model has its eyes on the future with a fully electric version. The Renault Trafic E-Tech comes with a choice of two body lengths and two heights, based around a 52kWh battery that delivers an official 186-mile range at a maximum speed of 68mph. Rapid charging fills the battery in an hou ...
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Double cabs remain a low tax haven after Government abandons rule change Double cabs remain a low tax haven after Government abandons rule change
The Government has abandoned plans to introduce massive tax increases on drivers receiving new double cab pick-ups after an industry outcry over the impact on businesses. HM Revenue and Customs issued new guidance in February saying that double cab pick-ups with a payload of one tonne or more would be treated as company cars if they were available ...
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Government reduces Advisory Fuel Rates for company car drivers Government reduces Advisory Fuel Rates for company car drivers
Company car drivers claiming back petrol and diesel costs from their employers will receive less from next month. The new Advisory Fuel Rates (AFRs) published by HMRC, which come into force from Friday, 01 March 2024, see rates fall for all fuels except EVs, which remain at 9 pence per mile. Drivers with petrol or diesel engines up to two litres ...
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