May 14, 2021 | BEV, Company Cars, PHEV
There are now 31.7m cars registered in the UK, and they average 8.6 years old (up from 8.3 in 2019). The average diesel is now 8 years old (up from 7.3 in 2019) with petrol at 9.3 (9.1 in 2019). These statistics for UK car registrations to December 2020 were released...
May 4, 2021 | Company Cars, PHEV
I hate those stories you get from time to time in the Tabloids, predicting excessive heat or snow or rain for the UK at some point in the near future. Hate them! They are rarely right as it’s almost impossible to predict weather in the near future, and really it’s...
May 3, 2021 | Company Cars, P11D, PHEV
HMRC aren’t always great at moving with the times. The main company car section of the Income and Corporations Taxes Act 1988 (s198) referred to the expense of “keeping and maintaining a horse to enable him to perform those duties”. That’s 1988. So perhaps we...
Apr 26, 2021 | BEV, Company Cars
The birth of the digital watch in the 1970s led to crisis for Swiss watchmakers. Some built their own, others stuck to their guns and weathered the storm. And, of course, no one threatened to ban the mechanical watch… I see parallels with the arrival in volume...
Apr 15, 2021 | BEV, Company Cars, P11D, PHEV, Private Fuel
David Chandler and Harvey Perkins very much enjoyed taking part in the AFP webinar this morning about Tax and the Company Car. We talked at length about the tax system and why its too complicated, the new super deduction (the only tax relief that wears its pants on...
Apr 14, 2021 | BEV, Company Cars, PHEV
The graph above shows where in the world new EVs and PHEVs have been registered over the last ten years. If we accept that overall global supply is limited, it’s interesting to see where the cars are going. Through to the end of 2019, more than half of the cars built...
