A massive hike in fuel duties is on the cards next spring after a particularly tough winter of rising costs, said the RAC. RAC head of roads policy Nicholas Lyes said, “As things stand, drivers will face an enormous hike in the cost of fuel next Spring due to fuel duty going up. “The Office of Budget Responsibility expects to see 12p added to a litre of … [Read more...]
Toll charging favoured to replace fuel duties
Campaign for Better Transport say that 60% of the British public agree that there is a need to reform the current system of vehicle taxation with significantly more people agreeing that a pay-as-you-drive system would be a good way ahead than those who oppose it. The report recognises that the system of taxation relating to motor vehicles will need to … [Read more...]
Used parts cut costs and boost green targets
The head of one of Europe’s biggest insurers wants repaired and refurbished used parts replacing new equipment on electric vehicles as part of a wide ranging reform of ‘green’ working practices. Sustainable car insurance was the focus of the 10th Allianz Motor Day, an international event hosted by Allianz centred on electric mobility as a key lever for … [Read more...]
Drivers may delay EV purchases for five years
As many as 14% of drivers – more than ever before – say their next car will be electric, but the proportion of those expecting to be in an EV in the next five years has reduced in the last year, shows new RAC research with more than 3,000 drivers. While figures for the RAC Report on Motoring 2022 indicate the number of drivers planning to change their … [Read more...]
Employees missing out on tax break
Current conditions are hampering take-up of salary sacrifice with many failing to fulfil their potential as a result, said the Association of Fleet Professionals. The organisation says that although employees are keen in theory to join salsac schemes, the initiatives are being badly affected by a range of factors including highly restricted electric vehicle … [Read more...]
EV cost savings explained by Vanarama
The electric vehicle experts at Vanarama have compiled the most common savings associated with EVs to reveal how much motorists could save per month, year, and total vehicle ownership over four years by making the switch to an EV. With the UK's cost of living on the rise, many drivers may be looking at long-term changes they can make to alleviate the … [Read more...]
Bumping in the trade under HMRC watch
HMRC has identified an increasing risk of an error in the VAT returns for certain Franchised Dealerships, described as “Bumping”. HMRC are sending letters to some motor retailers that they believe are at risk from ‘Bumping’. Bumping is where there is a discrepancy between a vehicle sales invoice on the DMS system and the finance proposal one, which can … [Read more...]
Halve your new company car costs
With the cost-of-living crisis heading the domestic political agenda, an EV salary sacrifice car scheme costs nothing to introduce, works for all employees, and can save workers hundreds of pounds per month. An innovative electric car scheme holds the key to solving the two crises facing the world today – the climate emergency and the cost-of-living … [Read more...]
Brits falling out of love with evs
Brits’ appetite for electric vehicles appears to be declining with fewer people saying they expect to own an EV in the next decade, according to a recent CarGurus study. Despite petrol prices reaching record highs and the sale of new petrol and diesel cars banned from 2030, UK motorists’ appetite for EVs has decreased when comparing interest in 2021 … [Read more...]
Tolls to replace lost fuel duties and taxes
Road tolls are back on the Government's agenda. The fleet sector needs to start having a constructive discussion about the likelihood of road charging being introduced in the future and the kind of scheme it would like to see, says FleetCheck. Peter Golding, managing director at the fleet software specialist, said that the rapid growth in electric vehicles … [Read more...]
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