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Where are all the unsold BEVs hiding?
1.6% of all new cars registered in 2019 were Battery Electric Vehicles (BEVs). That’s just 38,000 units against a total of 2.3m cars sold in the UK. In fact, Jaguar on their own sold more cars (of all types) in the UK in 2019 than the total number of BEVs sold by all...
Why are people picking on Toyota and Lexus?
Why are people picking on Toyota and Lexus for the phrase “self-charging hybrid?” My taxi home from the station last night was in a Toyota Auris Hybrid estate, which was averaging 78.4mpg. This was around Milton Keynes, which is all roundabout then 70mph then...
For better or worse?
Virtually every post I read on LinkedIn seems to claim a new UK sales record for EV, but Last Monday’s report from the SMMT suggests that CO2 emissions from new cars are rising (up 2.7% over 2018, up to an average of 127.9g/km). We believe that tax rules, particularly...
Are company cars the problem?
Who looks at the picture above and thinks “company cars are the problem”? HM Government’s focus seems to be in driving all ICE company cars off the road. The scale charge for 1 litre petrol Renault Clio is an unbelievable 24% (25% next year) which means an employee’s...
The Cobalt Conundrum
You might reasonably argue that the case for electric vehicles is overwhelming. Trust me – 10/15 years from now you’ll pass a petrol station and think “wow, haven’t seen one of those in ages”. So why haven’t we all already got an electric car? There are huge tax...
Are there already under 800 thousand company cars in the UK?
The last set of figures released by HMRC showed that (provisionally) we were at 890k in 2017/18 (down from 950k in 2016/17). They suggested some of this was due to businesses payrolling car benefit - but we have our doubts. Total tax revenues have a way of flattening...
Is company car tax is too high?
We are constantly telling our clients that traditional company cars are, in many ways, the optimum solution for employees with significant business mileage. And yet the number of company cars on the road is falling, and fast. People who have no choice but to sit in a...
What difference does 3 miles make?
What difference does 3 miles make? About £60 a month? The (brilliant) BMW 330e PHEV (SE) was listed at 41 electric range on the BMW website - except now it seems to say 38? We keep pointing this out - but these ranges are really important for company car tax. Register...
An effective tax rate of 310% on a benefit-in-kind?
An effective tax rate of 310% on a benefit-in-kind? What could possible justify that - a Lamborghini? A helicopter? How about free private fuel in a diesel VW Passat.... The Government’s intentions with private fuel in a company car are clear – they’d like you to stop...
A new benchmark?
I had a quick drive in a Tesla 3 and I was simply blown away. I had my reservations beforehand, not helped by the quality of a pre production car I’d sat in previously.... The drivetrain was simply amazing. Acceleration defies belief. And - in contrast to the Tesla X...
Should you delay replacing company cars because of the new tax rules?
Should you delay replacing company cars because of the new tax rules? The answer is “it depends”, but based on our sums for the limited number of cars where WLTP CO2 is published - probably not. There are basically three factors: 1. RDE2 (for diesels) which is...
New company car tax rules
There was an understandable degree of excitement when HMG announced the new company car tax rules yesterday. However, arguably the changes amount to little more than moving the deck chairs. We believe the biggest news is that the CO2 scale charge escalator has finally...
ICFM Annual Conference
It was a huge pleasure and my privilege to address the #ICFM Annual Conference in Wembley on Tuesday this week. Slightly depressing subject though - company car tax. The two speakers before me talked all things green. I was struck that our company car system really...
the impact of shipping cars from the other side of the world
What are the CO2 implications of building a car, say, in Japan and shipping it to the UK versus building it here (with a high proportion of locally produced components)? Although widely blamed on “brexit”, it’s clear that Nissan and Honda’s recent decisions to switch...
Anabella and Brenda
I want to talk about two company car tax drivers, let’s call them Anabella and Brenda. It's April 2020. Anabella works in London for a PE house – she’s got a Porsche Taycan, List Price £120,000. She only does 8,000 miles a year, all private, mostly to the station in...
New PHEVs are coming
Apparently a 34% fall in PHEV sales is the fault of HMG’s decision to remove the grant? I have to say I think that’s unlikely to be the full story? This time last year there were a number of decent PHEVs available – the Golf and Passat GTE, Audi A3 etron, BMW 330e,...
Yes the future IS electric
It appears around a million Europeans bought petrol cars rather than diesels in 2018. HRUX’s own sums suggest that, over their lifetimes, those cars will emit nearly 3 million tonnes or more CO2 than the diesels Europeans were buying. Is that a lot? Does that matter?...
A Real Conversation with a Mini Dealer
“So what’s the electric only range on the PHEV?” “There’s no electric mini yet. We only have the Countryman which is a hybrid; like the big one over there in the corner” “Cool, but what’s the electric only range on it?” “We only have the Countryman with an electric...
Company Car Tax 2019
I’m reviewing a car fleet for a client – and I’m looking at a Jaguar XE 2.0d where the CO2 has increased from 99g under NEDC to a new figure of 128. I've checked it twice – and that’s the movement – 29g/km. The company car tax for 2018/19 will now be based on 6% more...
Fleet Review Process
30,000 business miles a year - which makes more sense: Skoda Superb Estate or a Nissan Navara pick-up? No I’ve not driven either. And yes, I too fancy the full size “Tonka Toy” Navara. BUT 30,000 miles a year in a pick-up?! I’ve just completed a fleet review for a...
The Impact of WLTP
Good to see government is still working, and not all on Brexit! Evidence being sought to help the review of vehicle taxes and the impact of WLTP in advance of the Spring update. Deadline of 17 Feb 2019 for any contributions. https://lnkd.in/gRT6ysN
Total Tax and NI Take on Private Fuel
Been writing for a while now on my frustrations with high company car taxes. But why are they so high? Is HMG being very clever or extremely foolish? Interesting to look at taxes on private fuel in a company car - here’s one the Government did earlier.... The graph...
HMRC tax take from company cars
Having spent some time at the Fleet Management Live show over the last 2 days and seen the focus on electric vehicles I was wondering on the impact that the new tax rules would have? The Government currently receives ~£2bn p.a. in company car tax and Class1A NIC. This...
Can I Let You Into a Little Secret?
Can I let you into a little secret? Most of the LinkedIn posts I write get rejected by my partners for being too ranty! I know! Me? Ranty?! It may not surprise you therefore to hear that I’ve had a couple of potential posts rejected these last couple of days about the...
The Latest Statistics from Expenses and Benefits
The latest statistics from Expenses and Benefits have been produced (link in the comments section). Interesting to note: • These relate to the tax year 2016/17 when most companies are currently submitting their 2017/18 P11Ds – almost a year to produce these...
UK Gov gets blood from stone!
UK Gov gets blood from stone! The graph shows the total tax and NIC take from private fuel scale charge compared to the number of employees “enjoying” the benefit (the red line). The Exchequer has kept the tax and NIC above £300m per annum whilst the total number of...
OMG Another Post Around P11D
OMG another post around P11D - anyone would think we’ve a product to sell! 🙂 I know, I know, it’s like crime in a multi storey car park - wrong on so many levels... See the graph? It shows the total tax and NIC on company cars collected via P11d over a nine year...
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