transport
Highway robbery! Low investment in road network stings smaller businesses
Motorway closures to be reduced (at least in theory)
The Government has announced a strategy to tackle congestion caused by motorway closures and drive down the £1bn annual cost to the economy. This included the launch of a £3m fund for police forces to purchase laser scanning technology to speed up of the investigation process and incident clear up times.
Fuel set to overtake depreciation as biggest motoring cost
Fuel could become the highest pence per mile cost of running a company car in less than five years, says CFC Solutions.
The fleet software industry market leader points out that petrol and diesel prices have risen by roughly 50% in the last five years and there is every reason to expect that they will increase by the same amount before 2016.
Company car business mileage rates increase
The new advisory fuel rates (AFR) for company cars can be used immediately, although companies are under no obligation to do so until the beginning of January.
The new fuel figures replace those advisory rates which have been in place since the beginning of July, and generally increase the amount payable per mile for diesel company cars. The latest AFRs are tabled below and are based on engine size.
Car park scrapes add up
We tend to think of car accidents as major collisions involving thousands of pounds' worth of remedial bodywork attention.
But, in fact, the bump in a car park, the broken door mirror, the ding in the door, are actually the most common type of collisions experienced by firms around the world.
How to save money on a company car - ten tips for beating the recession
Having survived two recessions and read about many more, writes David Rawlings of www.businesscarfinanceltd.co.uk, I know that this industry is one of the most cyclical. Typically we all become depressive as sales slow and costs increase, then we toast our amazing foresight when residual values improve and interest rates fall.
So instead of ignoring or joining in with the doom mongers use the current financial situation to your advantage and enjoy the benefits of good fleet management.
How to save tax on a company car
If you had the opportunity to set all, or at least most, of your company car car costs against the business, you would probably take it, wouldn't you, asks Ralph Morton. And if there was the chance to reduce the amount of VAT you pay, that would also be worth considering, too? Especially as the June 2010 Emergency Budget announced VAT would rise from 17.5% to 20% on 04 January 2011.
Well, here's how. It's called contract hire.

