Finance

No matter what decisions are taken regarding vehicle fleet, finance departments usually have a considerable influence if there are to be any cost or tax implications that result.

Finance managers need to understand that the efficiency of products and services are tested against the company’s underlying financial criteria and that they are aligned with the company’s overall funding and taxation strategies.

Fleetworx provides expert support in this area, employing sophisticated cost and tax evaluation toolkits to establish the true and total cost to your company.

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  • News Features

    Fleetworx Launches New Client Dashboards

    Fleetworx, the specialist fleet category management company, has this month launched it’s all new ‘Client Dashboard’ site, Fleetworx.net. The site is designed to give Fleetworx’ domestic and international clients a ‘heads-up’ on the key costs and dynamics of their vehicle fleets, but also uniquely it also provides clear trends and projections that will assist in …

    Fuel Duty Rise Due in January – Cancelled

    In the Governments ‘Autumn Statement’, Chancellor of the Exchequer George Osborne surprised many observers when he deferred the scheduled 3p per litre rise in fuel duty due in January. He went on further to disclose plans to cancel an inflation increase due in August 2012, worth around 1.92p per litre. Consequently, as things stand, the …

    New Look Audi A4 Delivers Lower CO2 but has it done enough?

    The new Audi A4 promises to deliver even better tax and fuel efficiency across it’s range, with the 2.0TDi engine now emitting as low as 112g/km CO2, and delivering 67.2 miles to the gallon. A full range of petrol and diesel engines will be available, all delivering greater economy than before and lower CO2′s. However …

    HMRC Win on Appeal in Total People Case

    HMRC has won on appeal a case brought by Cheshire Employer and Skills Development Limited (CESDL), formerly Total People Ltd, which claimed that it had overpaid Class 1 National Insurance contributions between 2002 and 2006 amounting to £146,000. In the original case CESDL stated that NIC’s should not have become payable on cash sums paid …

    GE Capital and Peugeot Citroen Sign Electric Vehicle Deal at Frankfurt

    GE and Peugeot-Citroen (PSA) have chosen the Frankfurt Motor Show to sign an agreement which will see GE take 1000 electric vehicles from the motor manufacturer. GE Capital, which operates 250,000 vehicles across Europe has committed to acquiring 25,000 electric vehicles worldwide by 2015.  Not surprisingly given their origin, GE are committed to electric vehicles …

    Mileage Capture is Recognised as Key to Controlling Escalating Fuel Costs

    Businesses of all sizes are now realising that the cheapest mile that you can drive is the one that you never do. With fuel representing an ever increasing portion of the vehicle Total Cost of Ownership, the need to manage the miles driven on business and the fuel consumed has never been greater. The single …

    Electric Vehicles – Future fleet star or dog?

    According to a recent trial (the largest of its kind) carried out by ‘CABLED’ (Coventry and Birmingham Low Emission Demonstrators) and Mitsubishi Motors, Electric Vehicles (EV) are more than capable of meeting the need for efficient urban transportation. Their findings show that over three-quarters of journeys undertaken lasted less than 20 minutes and only 2% …

    International tax legislators vote overwhelmingly for CO2 based systems

    With 19 countries across Europe now using CO2 emissions for the basis of their car taxation in some shape or form, it is clear that in order to contain or reduce overall costs, fleets will have to sit up and take notice. Those who pursue car policies that respect this fact, will have a good …

    Salary Sacrifice car schemes under scrutiny

    The European Court of Justice (CJEU) has ruled that in some circumstances, benefits being offered in exchange for a salary sacrifice, will attract VAT as they are deemed a ‘supply of services’. Salary Sacrifice based company car schemes could in some cases, fall foul of this ruling, making employees liable for VAT on the benefit. …

    Alphabet Acquires ING Car Lease

    Alphabet, the leasing company owned by BMW, has acquired ING Car Lease, taking it’s footprint across Europe from 14 to 16 countries. Started in the UK in 1997, Alphabet has experienced steady, but mainly organic, growth since then. The acquisition of ING Car Lease will provide a unprecedented growth for Alphabet, taking it into the …