If you're considering getting a company car then it's likely you've come across the term Company Car Tax more than once.Company Car Tax is something that can be quite complicated. In this article we talk about the rules and regulations behind it, including how it's calculated and we go into some of the things you'll really want to know including how driving an electric company car may benefit you between 2020 and 2023.
Company cars have always been popular. They can be a great incentive to staff and prove a good way to attract the best candidates to work at your company.But the changes occurring to tax benefits may have many questioning whether it's still worth having a company car. In this article, we look at whether a company car is still worth it, and what the alternatives are.
When looking to find fresh talent, it seems that company cars are still the best bet for businesses, according to new research by OSV. The data shows that 49% of interviewees would even consider accepting a job that didn’t otherwise appeal, if a car that they couldn’t afford privately came as part of the package. In spite of this, more than half (51%) of those interviewed admitted that they still didn’t understand the Benefit in Kind (BiK) tax regulations in relation to company car use, which came into force more than a year ago (April 2017).
If you are a business and you are providing an employee with a company car, or several employees with a fleet of company cars, then you will have to write a company car policy. This is essentially where you set out the rules that your employees have to abide by when they are driving their company car. But, how do you even go about writing a company car policy? That’s where we come in. In this article, we are going to talk about how to write a company car policy and what you sort of things you should be thinking about when you give your employees a company car.
When you get a company car, you have to pay company car tax. And naturally, you’d want to keep your company car tax as low as possible.But, is petrol or diesel better for low company car tax?In this article we compare the two fuel types and look at which one is best if you want low company car tax.
Company cars have long since been a staple for many lucrative jobs and it has even been proven that offering a company car can attract some of the best and brightest.But, is a company car worth it?After all, changes to company car tax mean you could end up paying more and it could end up becoming less tax efficient that you once thought.Or, is a company car still a viable option for many?In this article, we have a look at why you might want to get a company car, and reasons why you might not.
Having a pickup as a company car might be quite an odd concept for some (it certainly isn’t traditional) but we predict that it will become increasingly popular in the coming years.But, which pickups make the best company cars?In this article, we take a look at the pickups that are on the more luxurious side and therefore would make great company cars.
If you’re looking for a new company car, we don’t think that a pickup was at the top of your list. Particularly if you before you were driving a C-Class. It’s not exactly traditional, but it is one that we think will be fairly common in the years to come.But, why? Why should your next company car be a pickup?As we said, it’s an unusual concept so we know that you will probably need a fair bit of convincing. Which is why we’ve written an article debating whether your next company car should be a pickup.
If you’re looking at getting a new company car, then you might want to consider getting a plugin hybrid.Plugin hybrids are becoming increasingly popular, and we predict that they will only become more popular in the coming years.But, why do they make good company cars?In this article, we look at 5 reasons why we think your next company car should be a plugin hybrid.
Looking for your first company car? Or maybe you’re looking at getting a new one because your contract is up. Have you considered an electric car?You might have, but you might not. Electric cars divide opinion; people either love them or loathe them. Or, like the idea of them but would never drive one themselves.Regardless of your view on electric cars, if you need a new company car, then it should definitely be an electric vehicle.In this article, we are going to give you 5 reasons why we think your next company car should be electric.
OSV Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows OSV Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.
OSV Ltd a Registered Company in England and Wales No: 04533176 and whose registered office is D1 Yeoman Gate, Yeoman Way, Worthing, West Sussex BN13 3QZ.
VAT Reg No: 946 3911 02 ICO: Z1606144
Finance is subject to status.