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More on falling company cars numbers

More on falling company cars numbers

In 2010 the average company car emitted 147g/km of CO2, had a scale charge (the List Price x SC%) of £3,865 and the average company car driver had a marginal tax rate of 31.9%. By 2020 the CO2 emissions had fallen by 24% to 111g/km of CO2 and, despite this, the...

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CO2 emissions fall as company car numbers fall

CO2 emissions fall as company car numbers fall

Almost exactly as predicted by HRUX two years ago, HMRC confirmed last week that the total number of company cars reported in 2019/20 has fallen to 800,000*, which is down 160,000 since 2016. That’s 160,000 people who’ve moved from a regime where CO2 is tightly...

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Company car stats for 2019/20 announced

Company car stats for 2019/20 announced

It’s that time of year again folks; the HMRC company car stats are out for 2019/20. HMRC estimate there were 800,000 company cars reported in 2019/20, down 70,000 from the previous year, bringing in £2.5bn in combined tax and NIC for the Exchequer. These numbers are...

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The ZX Spectrum and EV charging infrastructure…

The ZX Spectrum and EV charging infrastructure…

The ZX Spectrum and EV charging infrastructure… 23rd April 1982; Clive Sinclair launches his ZX Spectrum 8-bit personal computer, and in its own way, it changed the world. But welcome as the Spectrum was, it wasn’t the answer. It was the first baby steps on a journey...

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Company car tax for EVs to stay low to 2025

Company car tax for EVs to stay low to 2025

Thanks to Fleet News for pointing out that the Government's “Transitioning to Zero Emission Cars and Vans: 2035 delivery plan”, reconfirms the commitment to keep the company car tax scale charge for full EVs to 2% until April 2025. Client's often ask us what we think...

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Better batteries tomorrow?

There's an article on the Autocar website this morning about an update to the Audi etron promised for 2022. New batteries, motors and "upgraded electronics systems" will boost range from 249 to 373 miles. Thats quite an upgrade isn't it? Facelifts for cars are nothing...

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Clean air zones, what you need to know

This handy service from GOV.UK helps you determine if the Birmingham or Bath clean air zones will impact your journey, and shows you how to pay if you need to. London isn't covered but there's a link to the Transport for London site. This sort of thing is helpful as...

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Comparing the hummer

Comparing the hummer

If your logic is simply that EVs are best, then it follows that the bigger the EV the bestest it must be right? Ladies and Gentlemen, please welcome the 1000bhp Hummer EV; proudly described on the GMC website as “zero emissions”. In the UK there are just under 32...

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The 2020 UK Vehicle stats

The 2020 UK Vehicle stats

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...

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Running low in stock

Running low in stock

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...

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The problem with HMG

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...

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Embracing the electric world

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 of...

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AFP Webinar

AFP Webinar

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...

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Global EV’s and PHEV’s

Global EV’s and PHEV’s

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...

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The EV Grant

The EV Grant

One last comment on the EV grant. Just picking up from a point made elsewhere by Paul Gauntlett. The EV grant isn’t the Government giving money away. Like so many of these things, it’s actually about them taking a little less. VAT on a 25k list price car is £4,167. If...

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Government policy on EVs

So last Wednesday at 7am the Government cut EV grants across the board, and for cars over 35k they removed them altogether. They did all of this with a press release that suggested this was good news. So was it good news? For taxpayers that can’t afford expensive...

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EV grants cut with no notice

So the Government has with immediate effect reduced the EV grant to £2,500 (i.e. by £500) and it’s now limited to cars costing £35k or less (previously £50,000). In effect this is an immediate price rise on all EVs, and it’s a £3,000 hike on cars like Tesla 3,...

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PHEVs are cool, PHEVs are terrible?

PHEVs are cool, PHEVs are terrible?

PHEVS are cool. PHEVs are terrible. The debate goes on. But whilst we talk, fleets are quietly ordering PHEVs like they are going out of fashion. The last year has seen lots of PHEVs launched, like the Skoda Octavia and Superb iV, VW’s Passat and Golf GTE, the...

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Convertible BEVs?

I’ve just been reading that Porsche are considering coupe and convertible variants of the Taycan EV. This is the same week that VW said it was thinking about a convertible ID3. What do we think about a convertible EV? As a rule EVs are heavier because of their...

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Private fuel, call to action.

If you, or any of your employees, have the benefit of private fuel in a company car you have a couple of months to save yourself what could easily be thousands of pounds. The tax charge on private fuel is fixed, based on the car’s CO2 and potentially engine type. As...

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Let’s be careful out there

Driving is harder than I remembered. In fact, I confidently predict a rise in accidents as people who’ve been stuck at home return to the roads post lock-down. The actual driving of the car is ok. Like riding a bike, you might say. It’s those other three banes of...

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P11Ds for 2020/21, DO panic

P11Ds for 2020/21, DO panic

“Company Car Tax in the UK in 2020/21” is an unlikely title for a Douglas Adams novel, but his humour helps make sense of the ridiculous situation we find ourselves in. Do you remember the answer to the Meaning of Life? 42. The problem was nobody knew what the...

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The market for replacement EV batteries?

Can I ask a question please? I’d really like the an electric car. But would I get one? They tend to be expensive and many boast realistic ranges of just 200 to 300 miles, or even less. So would you spend a load of money on it only to find that the same performance is...

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Copyright © 2019 HRUX. All Rights Reserved.
Privacy Policy  |  Cookie Policy