Posted On : 10th Mar, 2017
Budget – the headlines
Chancellor of the Exchequer Philip Hammond delivered his first Budget speech on Wednesday. It was also the final spring Budget as Mr Hammond announced in last November’s Autumn Statement a rescheduling of the two major fiscal-related announcements of the Parliamentary year.
Starting in the autumn, Britain will have an Autumn Budget announcing tax changes “well in advance of the start of the tax year”. From 2018 there will be a Spring Statement, responding to the forecast from the Office of Budget Responsibility, but no major fiscal event.
As a result, with this week’s Budget coming just four months after the Autumn Statement it has been viewed as a “transitional Budget”. Indeed many tax measures, including those relating to company car benefit-in-kind tax to the end of 2020/21, Vehicle Excise Duty for cars first registered from April 1, 2017, capital allowances, car fuel benefit charge, van benefit charge, van fuel benefit charge, Corporation Tax and Insurance Premium Tax had been previously announced. However, a number of new announcements impacting on the fleet industry were contained in the Budget Statement.
Regional Fleet Briefings & AGM
Your regional fleet briefings and AGM’s will take place throughout March. Each briefing will cover updates relating to our recent e-AFR summit, HMRC consultation documents, VED changes together with a complete update of current fleet issues.
Spring Fleet Briefings:
Details of venues and agendas as they are finalised can be accessed by clicking on the region above.
To register your attendance at one of our fleet briefings please click here to login to your member’s area, and register via the my events tab in your dashboard.
A recent post of our forum asks:
Safety Check on Company Cars
Does anybody insist that company car drivers carry out regular safety checks on their vehicles using either an app or paper and how do you record it?
If you can help, please login to your members area and click here
2017 Membership Renewals
Membership Renewals for 2017 have been issued, if you have not received yours please contact the MSO by clicking here.
New vehicle tax rates from 1 April 2017
The way vehicle tax is calculated will change for cars and some motor homes that are first registered with DVLA from 1 April 2017. Recently published guides covering imported vehicles, motorhomes and refunds are available to download from the members library. To view please login to your members area and click here.
ICFM car salary sacrifice masterclass in demand: fleet managers urged to book places
Fleet decision-makers have been urged to book their places for the forthcoming ICFM Masterclass focusing on the imminent changes to car salary sacrifice scheme and cash or car allowance rules.
Fuel & Green
Fleets lead CO2 emissions cut but SMMT warns anti-diesel agenda will halt progress
Average new car CO2 emissions have fallen to a new low of 120.1g/km with fleets leading the way, according to latest data published by the Society of Motor Manufacturers and Traders (SMMT).
Fuel £11 more expensive than a year ago, but prices stabilise in February
The price of petrol and diesel has stabilised after two months of rises at the pumps, according to RAC Fuel Watch data.
Liverpool looks to introduce crackdown on diesel vehicles with Clean Air Zone
Liverpool is the latest city to reveal plans to crackdown on diesel vehicles entering the city with introduction of a Clean Air Zone by 2022.
Insurance & Road Safety
AA calls for fleet managers to be phone aware
Fleet managers have been urged to make employees that drive on business aware of the doubling of penalties for being caught using a hand-held phone while on the road.
‘Concerning’ rise in MoT failures due to defects with tyre safety system, says TyreSafe
TyreSafe has aired its concern at the implication for road safety of skyrocketing MoT failure rates caused by defects with vehicles’ Tyre Pressure Monitoring Systems (TPMS).
Dealer vehicle safety checks need to give ‘more information’ to fleets, says FleetCheck
Safety checks carried out by dealers when servicing cars and vans need to provide “more useful information” to fleets, according to FleetCheck.
Regulatory & Legislation
Drink-drive limit should be lowered, urge councils and fire authorities
The legal drink-drive limit should be lowered in England and Wales to help cut alcohol-related accidents, which new provisional figures show have risen, councils and fire and rescue authorities have urged.
Disposals & Remarketing
G3 Remarketing launches advanced vehicle, audio video inspection tool
G3 Remarketing has launched a new mobile inspection and asset management application – AVID – to satisfy the changing demands of the market.
Van volumes rise at Manheim with prices remaining positive
Vehicle remarketing giant Manheim saw the overall volume sold at its van auctions rise by 18.1% year-on-year in February, while average selling prices also remained positive, increasing by 12.6% over the same period to £5,443.
Vauxhall/Opel bought by French motor manufacturer PSA in £1.9bn deal
PSA Group, which owns Citroen, Peugeot and DS, is to buy General Motors’ lossmaking Opel division, which includes Vauxhall, in a €2.2 billion (£1.9 billion) deal.
Allstar and Masternaut join forces to make fuel cards smarter
Masternaut and Allstar Business Solutions have partnered to launch what they call “a smarter fuel card solution”.
Alphabet Partner tops 20,000 vehicle fleet two years after launch
Alphabet Partner, the broker sales channel launched at the end of September 2014 by fleet leasing and business mobility specialist Alphabet, has exceeded a portfolio of more than 20,000 vehicle contracts.
BVRLA celebrates its 50th anniversary and presents annual awards
The British Vehicle Rental and Leasing Association (BVRLA) recognised the contributions of outstanding performers in the vehicle rental and leasing industry at its annual dinner in London, with three sets of awards presented.
EurotaxGlass’s rebrands as Autovista Group
EurotaxGlass’s Group, the European automotive intelligence business, will now be called Autovista Group in line with a complete relaunch of the company and its four core brands – Glass’s, Schwacke, Eurotax and Autovista.
Fleet demand underpins latest new car registrations
An increase in fleet registrations meant new car volumes last month were down just 0.3% year-on-year at 83,115 units, according to latest data from the Society of Motor Manufacturers and Traders.
Fleets increasingly seeking external advice regarding April tax changes, says Arval
Fleets are increasingly seeking external advice to work through the implications of new tax regulations that will take effect from April this year, according to Arval.
MS Amlin renews contract with National Windscreens
MS Amlin, the specialist global insurer, has extended its four-year contract with National Windscreens in support of its wide range of motor insurance policies for businesses and fleet operators across the UK.
New safety app for commercial vehicles to be launched by FleetCheck
A new app created to provide a robust way of carrying out essential commercial vehicle safety checks is the second new product to be announced by FleetCheck for launch at next month’s Commercial Vehicle Show.
TomTom Telematics to exhibit award-winning connected driver tech at CV Show 2017
TomTom Telematics will demonstrate its latest developments in connected fleet management systems at this year’s Commercial Vehicle Show, helping businesses achieve greater control over process efficiency, compliance procedures and driving standards.
Volkswagen continues constructive partnership with Mountjoy
Mountjoy, a leading provider of building and maintenance support services in Southern England, has extended its partnership with Volkswagen Commercial Vehicles by taking on a further 17 Transporter T30 Startline panel vans.