benefit in kind (BIK)
Market Insight 21 May
1-in-3 fleet managers will electrify at least half their vehicles by 2025
One-third of the UK’s fleet managers expect more than 50% of their company car fleets will be electric within five years, according to a new Go Ultra Low survey.
Used Cars 2 Jan
December used car market 'strongest since 2012', says Cap HPI
The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
Opinion 19 Sep
Road to Zero or the road to nowhere? A guest opinion
In the second of our series of updates on the taxation of electric vehicles (EVs) from MHA MacIntyre Hudson, leading adviser to the UK Motor Sector, Nigel Morris, employment tax director considers how wider regulation impacts tax policy and further influences the aim to increase the use of low emission vehicles.
Opinion 12 Aug
Taxation’s threat to Ultra Low Emission Vehicles, a guest opinion
There is widespread agreement that climate change is a major threat to our futures and the motor industry is taking an innovative lead by developing alternatives to the traditional carbon producing internal combustion engine (ICE).
Market Insight 9 Jul
Government will remove BIK company car tax on EVs from 2020/21
Company car drivers choosing a pure electric vehicle (EV) will pay no benefit-in-kind (BIK) tax in 2020/21 following a Government review which looks set to boost sales of emissions-free cars.
Latest News 14 Mar
Chancellor's Spring Statement fails to clarify future tax rates for fleets
The Chancellor of the Exchequer, Phillip Hammond, failed to deliver any clarity for the fleet and leasing industry over future tax rates during his annual Spring Statement.
Latest News 23 Jan
IMI offers to ‘help Government understand’ EV technician training challenge
The IMI has called for further development in EV skills training, following the Government’s response to the Business, Energy and Industrial Strategy (BEIS) Committee's Electric vehicles: driving the transition report.
Supplier News 7 Aug
TMC app helps car dealers achieve HMRC compliance on fuel and mileage
The Miles Consultancy (TMC) has launched a new TMC Automotive smartphone app which aims to help dealers reduce overheads and HMRC compliance around fuel and mileage costs by tracking business journeys.
Market Insight 22 Nov
Budget 2017: Diesel car taxes could dent sales further
Diesel car buyers could be put off a new purchase after new tax measures announced in Philip Hammond's 2017 Autumn Budget added upto £300 to the first year VED rate.
Car Dealer News 19 Apr
Dealership employees rack up a £2m BIK overspend, reveals audit
Three out of four car dealership employees are overpaying BIK tax on their company vehicle according to an audit carried out by Cooper Solutions.
Opinion 21 Sep
Guest opinion: A better way to calculate workers' annual BIK charge
The revised rules on calculating employees’ annual benefit in kind (BIK) charge came about against a back cloth of suspicion that employees were obtaining an unfair tax advantage
Manufacturer 26 Aug
Audi launches online contract hire quotation and BIK tool
Audi has launched an online finance tool providing instant contract hire quotes tailored for fleet customers.
Car Dealer News 30 Jul
Sytner Bradford Audi praises DCML BIK app
DCML’s Dealer Car Manager BIK module tool makes the calculation of Benefit In Kind (BIK) quicker, more accurate and less daunting for fleets, according to Sytner Bradford Audi.
Manufacturer 16 Jul
Volvo XC90 T8 qualifies for UK Plug-in Car Grant
Volvo’s first ever petrol plug-in hybrid, the XC90 T8 Twin Engine, has qualified for the UK Plug-in Car Grant (PICG) scheme from the Office of Low Emissions (OLEV).