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July 4 election presents ultimate fleet choice list for managers
Published
1st Jul 2024
The future of fleet will be defined on July 4 when the country goes to the polls to elect the next government.
Transport is a key battleground for most parties, meaning managers can vote with their ‘fleet’ when choosing who will shape the country’s future mobility strategies.
The Conservative Party has vowed to “back drivers” by ...
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Changes to VED and how it will affect you
Published
18th Jun 2024
The government has adjusted Vehicle Excise Duty (VED) rates following the most recent Budget (March) and those changes have now come into effect.
Alongside the announcement that fuel duty will remain frozen – and we’re all glad for that – from April VED increased by around 10% in line with inflation.
VED remains aligned to a car’s ...
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HMRC increases AFRs for fossil fuel cars but delivers cuts for EVs
Published
5th Jun 2024
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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Double cabs remain a low tax haven after Government abandons rule change
Published
4th Mar 2024
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
Published
29th Feb 2024
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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EV rate cut in HMRC’s December 2023 AFRs
Published
2nd Dec 2023
The Advisory Electric Rate (AER) - having been upped by a penny per mile last quarter - has been cut back by 1p to 9p per mile.
The HMRC’s latest Advisory Fuel Rates (AFRs) have now been published and while diesel company car drivers will welcome the increases across all engine bands, the news for drivers of electric vehicles (EVs) is less welco ...
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