Industry News

PVS talks... The Cash or Car Conundrum

PVS talks... The Cash or Car Conundrum

Prior to the 6th April 2017 company car drivers who were offered a cash
allowance yet opted for a car were taxed on the BIK (benefit in Kind) value of
the car. Since the 6th April 2017 however, company car drivers who are offered
a cash alternative yet opt for a car are taxed on the larger of the BIK value and
the cash allowance

PVS talks... Real World Driving Emissions

PVS talks... Real World Driving Emissions

In the Autumn Budget 2017, the government announced that it would legislate in a future Finance Bill, for the WLTP system to be introduced from April 2020.
As of the 6th April 2018 the company car tax rate for a diesel certified RDE2 will be equivalent to that of a petrol car with the same emissions band. Any diesel car not certified RDE2 (Real World Driving Emissions Stage 2) will be subject to a 4% supplement, and from September 2018 the WLTP (World Harmonised Light Vehicle Testing Procedure) approval will be mandatory for new cars.
This paper is designed to explore how the WLTP and the RDE2 supplement will affect official performance and emissions figures to try and remove the uncertainty surrounding potential legislation changes for company car drivers, fleet managers and fleet owners.

PVS talks... Tyres

PVS talks... Tyres

If you own or drive a vehicle, you should understand the importance of tyre safety. In recognition of Tyre Safety Month in October, we have decided to write an informative article, detailing some key facts and regulations regarding vehicle tyres.

PVS talks... Vehicle Licensing

PVS talks... Vehicle Licensing

Driving Licences are a legal requirement for any person driving a vehicle on any road or highway, regardless of the land it passes over. Road traffic legislation requires the driver of a vehicle to be correctly licenced to drive that specific vehicle.

What fuel choice will you make with your next vehicle?

What fuel choice will you make with your next vehicle?

Diesel engines are more efficient and use 15-20% less fuel and they tend to have a higher resale value (RV).  They emit less CO2 emissions which means lower tax bands.  The driving experience for a diesel will give more low speed torque therefore enabling better overtaking power and towing ability.

What happens when your typical 4x4 pick up or twin cab becomes liable for a tacho graph...

What happens when your typical 4x4 pick up or twin cab becomes liable for a tacho graph...

I have been very remiss in blogging and over the last couple of months I have had the pleasure of reviewing new vehicles and in particular the new Toyota Hi Lux. As we all know manufacturers are making much better vehicles and some niche vehicles that are being used within the fleet industry such as the Ford Ranger,

Reflection after the budget and what road should we now take?

Reflection after the budget and what road should we now take?

As we know, the government are continuing with their current strategy of taxing our company car drivers with a system that uses the Co2 and list price of the vehicle. As the % increases against the Co2 and the manufacturers increase the list price the company car benefit in kind tax regime becomes more and more expensive for the driver and the company.

What effect does high registrations have on the market?

What effect does high registrations have on the market?

The more registrations we have the higher the stock volumes will be within the auction houses some 38 – 44 months later.  So we have over the last couple of years seen high registrations especially within the LCV market.  There seems to be no let-up either at the moment so with records surpassing the numbers registered prior to the downturn you have to question what will happen when all these vehicles come to market?

As we move into week 3 of 2016 what will this year bring?

As we move into week 3 of 2016 what will this year bring?

What hot topics do you think is worthy of note and what changes will happen within 2016 in the fleet industry? Well we can be certain of one thing, nothing will standstill.  As a regular Linked in member and one that has constant dialogue with various friends and colleagues within the fleet sector people will change roles, manufacturers will continue to bring out new vehicles, we will still have the same pressures to make targets and income. 

How things can change so quickly

How things can change so quickly

As we started this week we were aware of the tax liabilities for our fleets for a number of years and all thinking that both the BIK and NIC changes for those that pick diesel as a preferred vehicle given the MPG, low Co2 the improvement from April 2016 when the 3% surcharge was supposed to be scrapped would have been welcomed by the employee and the employer.