Legislation Updates

PVS talks... All Weather Driving

PVS talks... All Weather Driving

With severe winter weather forecast over the coming months, here is some information about all-weather driving which will help you stay safe on the roads during the winter months. Winter weather presents challenges in general. Here are some of our recommendations for things to look out for to keep your vehicle in tiptop condition throughout the winter season:

PVS Talks... What is OpRA?

PVS Talks... What is OpRA?

Since the 6th April 2017, new legislation (see HMRC’s Employment Income Manual): OpRA - Optional Remuneration Arrangements has come in to play, placing salary sacrifice schemes on an equal footing with other perk schemes provided to employees. This briefing note aims to illustrate how these changes will affect key individuals in the fleet industry, understand the underlying reason for these changes and finally provide some clarity for what the future holds.

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.

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.

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. 

Final weeks of 2015

Final weeks of 2015

As we are now well into the festive season and we have seen all the news about police checking those that drink and drive in the evening and again in the morning.  It is the later that we could all fall into the same thought process that we are fine to drive.  When you are thinking about this in the following morning, just consider the impact of not being able to drive will have on your job and then your family!  

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.