Company Cars Data and statistics
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A conversation with the BVRLA on the Autumn budget
HRUX directors Chris Sewell and Harvey Perkins recently appeared on BVRLA’s "In Conversation With" Podcast speaking about Autumn Budget announcement with Thomas McLennan. We spoke about how the Budget will impact the industry and thoughts on what is to come in the...
SMMT registrations show a rise in EVs
Analysis of the SMMT registrations stats to the end of October shows the ongoing rise of the electric car, with sales nearly double that of the same period in 2020. Registrations of PHEVs are up 90% and BEV 86%. Diesel, including MHEV, is down a colossal 24%, with the...
Thoughts on the Net Zero Strategy
Facts, facts, facts. It’s where we always look first. So we were interested to dig a little into the Net Zero Strategy: emissions taxonomy to better understand where the UK’s CO2 emissions are coming from. The graph below shows the split and you can see that transport...
A day out at Fleet Live
So excited were we with the prospect of attending Fleet Live that we took the whole team! We had a wonderful day catching up with many of our friends in the industry, topped off with our own Harvey Perkins presenting on the future of car taxes alongside Paul Hollick...
A busy week for HRUX
Phew, what a week… As is so often the case all our buses arrived together this week, with three significant go-lives. We’re delighted to announce the launch of our new CarReward salary sacrifice platform in concert with Pink Salary Exchange. This revolutionises the...
Queuing Theory on the Fuel Crisis
Without wanting to wade too deep into the emotive issue of the fuel crisis, I can’t help but get frustrated with the coverage focussing on supply, when the root cause is the increased demand caused by panic buying, itself induced by fear spread through the various...
Talking to Allstar Business Solutions about EVs, salary Sacrifice and why the Company Car is back!
HRUX Director Harvey Perkins talking to Allstar Business Solutions about EVs, salary Sacrifice and why the Company Car is back! Click on the link below for a read! https://lnkd.in/d5S-znKv
Post code lotteries and personal tax rates
The press love the phrase “post code lottery”. But did you know the tax individuals in the UK pay depends very much on what you are being taxed on and increasingly where you live? In the graphic below we look at the effective tax rate (combining employee income tax...
Charging points and the link to “queuing theory”
I posted recently about the need to look at the (very near) future of electric car ranges before pushing ahead with the charging infrastructure based on current needs. Our resident mathematician Chris Sewell has looked into this a bit more and, using the simplest...
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...
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...
How high can tax on an EV company car go before it no longer makes sense?
How high can tax on an EV company car go before it no longer makes sense? How about twenty times higher? Last year the BiK rate was zero, this year it’s 1%, and from next April it’s 2% of the List Price. That is incredibly low, lower than it has ever been. And we...
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...
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...
EV with over 600 mile range coming 2022
Arriving in 2022, with over 600 miles on a charge, achieved by improvements in efficiency and not just a bigger battery. The speed with which companies like Mercedes are moving the goalposts is simply staggering....
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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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