Treasury U-turns add further challenges for company car fleets Autocar HEAD TOPICS

Treasury U-turns add further challenges for company car fleets Autocar

10/21/2022 1:00:00 PM

Renewed calls for clarity as ' emergency budget' shelves tax cuts for drivers

Source

Autocar

Government u-turns have put a question mark over tax benefits for company car drivers: Renewed calls for clarity as 'emergency budget' shelves tax cuts for drivers during a period of rising household bills and unclear future tax policy. HM Treasury has only confirmed tax bands until April 2025, so drivers taking delivery of a new car today have no idea what they will pay after that date.There are concerns that this could increase the decline in company car uptake in the UK. The latest HMRC data shows 720,000 people paid tax for a company car (including salary sacrifice schemes) in 2020/21, compared with 950,000 in 2011/12.  FleetCheck managing director Peter Golding warned that this trend poses administrative challenges for fleet managers: “A relatively large number of people have moved out of fleet schemes and are using their own vehicle for work purposes. This means a substantial growth in grey fleets and potentially also an increase in the proportion of drivers using their own cars intensively for business, rather than on a more occasional basis.” Read more:
Autocar » Google wants us to invest in an ecosystem we can't trust Digital Trends EV supply chains have a human rights problem. Can tech fix it? Jobs cuts as Arrival turns back on UK for US Autocar Gold, silver retreat as Kashkari hints at more rate hikes past 4.75%

Snap Stock Slumps Premarket as Sales Growth Slows Advertisers Cut Spending

Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter. Read more >> Google wants us to invest in an ecosystem we can't trust Digital TrendsGoogle has a promising ecosystem with its Pixel line, but the company's frequent U-turns and strategy shifts make investing a hard sell. EV supply chains have a human rights problem. Can tech fix it?Car makers struggling with environmental and safety issues are turning to sophisticated tracking programs. When has tech fixed anything? It’s only worsened socioeconomic,racial,and political issues. lol You gotta be some kinda ecological terrorist to own an EV Jobs cuts as Arrival turns back on UK for US AutocarBritish firm will keep Bicester factory for customer trials but redirect its commercial focus to the US Gold, silver retreat as Kashkari hints at more rate hikes past 4.75%Gold and silver prices retreated on Wednesday as the U.S. dollar strengthened and Treasury yields advanced further beyond the 4% mark. UK councils clamp down on loud cars with roadside mics AutocarRecording equipment will be used in Bradford, Bristol, Great Yarmouth and Birmingham over the next two months Do you think these 'noise cameras' should be rolled out across the UK? The Batheaston bypass Bath has a 50mph speed limit for noise reduction reasons DoT says. It doesn't stop cars and bikes with illegal exhausts racing away from roundabouts at each end with the sound reverberating around the valleys 24/7. another cash cow for authorities. Bikes are far more of a nuisance, I assume they'd be targeted by these too? Money would be better spent helping traffic flow e.g removing speedhumps Skoda Superb during a period of rising household bills and unclear future tax policy.The Google Pixel 7, Pixel Watch, and Pixel Tablet all have something in common other than being Google-branded products with generic names.auto companies create to track the origin and journey of materials in those batteries.which last month built its first van at its Bicester plant , will instead pour its dwindling cash reserves into its US operation, having previously announced it was pausing expansion there. HM Treasury has only confirmed tax bands until April 2025, so drivers taking delivery of a new car today have no idea what they will pay after that date. There are concerns that this could increase the decline in company car uptake in the UK. The company wants to take on Apple and Samsung by luring people in with the idea that by buying Pixel devices and using Google services, they can have a similar experience as someone buying an iPad, an iPhone, and AirPods. The latest HMRC data shows 720,000 people paid tax for a company car (including salary sacrifice schemes) in 2020/21, compared with 950,000 in 2011/12. … We are developing granular traceability to measure the material embedded in car components, so we can give consumers a very exact calculation of the carbon footprint, and also show them how human rights have been protected by the companies producing these components and materials.  FleetCheck managing director Peter Golding warned that this trend poses administrative challenges for fleet managers: “A relatively large number of people have moved out of fleet schemes and are using their own vehicle for work purposes. Google’s new Pixel products don’t exist in a vacuum. This means a substantial growth in grey fleets and potentially also an increase in the proportion of drivers using their own cars intensively for business, rather than on a more occasional basis. Meanwhile, Arrival “will continue to produce a small number of vans in Bicester to optimise microfactory processes and support trials with customers,” it said in a statement. ” Electric and plug-in hybrid car drivers, who make up 17% of company car benefit recipients, could also face uncertainty. It also comes weeks just after Google disbanded the Pixelbook and Stadia teams without warning. Advertisement Volkswagen has created an extensive sustainability rating system for its models, based on data from what the company calls a “radar,” making use of artificial intelligence to monitor every company that touches the materials used to build its cars, down to smelters and recycling firms. The Energy Price Guarantee will end next April, 18 months early, removing the 34p per kWh cap on home electricity prices, which also stabilised charging costs. The Treasury will lead a review of alternative support for households and businesses, which includes charge point operators, in the meantime but there are no details yet. An ecosystem is built on trust, but Google has torched its reputation over and over. Matthew Walters, head of consultancy services and customer value at LeasePlan UK, said overdue policy decisions, including new mileage rates for EV reimbursement, are becoming increasingly problematic. Alert systems flag inconsistencies along the way, which could include unplanned changes in chemical composition of a material, satellite images failing to confirm shipments are coming from the places suppliers say they are, and local officials issuing violations on the ground. Advertisement . The Killed By Google site chronicles services the company has championed before dumping.