CORPORATE demand for electric cars would appear to have been killed stone dead by Chancellor George Osborne’s bizarre Budget decision to subject them to a 13% benefit-in-kind tax charge in 2015/16 when the current five-year exemption ends on March 31, 2015. The taxable charge will rise to 15% in 2016/17. … Continue reading
CHANGES to company car benefit-in-kind tax due in 2015/16 could kill demand for electric vehicles before it has taken off. HM Revenue and Customs (HMRC) has confirmed to the Digest that, despite some industry reports to the contrary, tax rates on electric cars will increase from 0% in 2014/15 … Continue reading
THE Volkswagen Passat was voted best new company car of 2011 at this year’s fleet industry ‘Oscars’ – the annual awards from trade publication Fleet News. The Awards, attended by almost 1,400 fleet industry people, also witnessed BMW crowned as the Fleet Manufacturer of the Year in another headline … Continue reading
BMW is recalling 1.3 million cars worldwide, including more than 100,000 cars in the UK, because of a battery problem which could, in extreme cases, cause a fire. The German motor manufacturer said the problem came to light through ‘continuous testing’ and customer complaints. A BMW spokesman said … Continue reading
PETROL and diesel pump prices are rising to new record highs seemingly daily and now there is a threat to forecourt supplies with tanker drivers voting to strike. The average price of a litre of unleaded petrol has reached 140.2p and a litre of diesel costs 146.7p, according to … Continue reading
MORE than a quarter of business mileage claims are not supported by a valid VAT receipt, according to research by travel and expense company Concur. It calculates that ‘out of policy’ expenses cost UK businesses more than £692 million a year with £9.85 out of every £100 paid out … Continue reading
THE most common risky manoeuvre among UK fleet drivers is harsh braking, according to data from driver performance and safety management company GreenRoad with January the most dangerous month and 11pm the most dangerous time to drive. By analysing driver performance data GreenRoad discovered that HGV truck drivers were the … Continue reading
ALMOST one in four professional drivers could be disqualified from commercial driving because they don’t understand the need to complete Driver CPC training, it is claimed. An IAM Drive & Survive poll of over 300 drivers shows that 24% of drivers don’t realise that failing to take the training … Continue reading