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Understanding Benefit in Kind (BIK)
(Posted on 10/11/23)Benefit in Kind (BIK) is a tax that employees in the UK pay on the 'perk' of having a company car for personal use. It is a critical consideration when leasing a company car, as it can significantly impact your overall tax liability.BIK Tax BandsBIK tax bands in the UK are set by HMRC and are primarily based on a vehicle's CO2 emissions...
The Electrifying Investment: How Electric Vehicle Charging Points Boost Your UK Property Value
(Posted on 30/08/23)IntroductionAs the world steers towards sustainability, electric vehicles (EVs) are driving a significant transformation in the automotive landscape. With governments advocating for EV adoption and automakers introducing enticing models, the demand for electric cars is surging. In this context, the installation of electric vehicle...
An Electric Car That Charges Before You Finish Your Coffee...
(Posted on 04/07/23)One of the main issues people have with electric cars is the time it takes to charge them. Manufacturers such as Tesla have actually made great strides in cutting down charge times but they still fail to compete with the speed of filling your car up with petrol or diesel.However, a little known UK based manufacturer of...
Salary Sacrifice Electric Car Leasing
(Posted on 04/07/23)Electric cars are becoming increasingly popular in the UK, not only because of their reduced carbon footprint but also because of the financial incentives that are available to those leasing them. If you are a business owner looking to reduce fleet hire costs, then electric cars make a lot of business sense due to the huge...
LeasePlan UK Introduces 'Happy Charger' Dashboard Timer to Enhance EV Charging Experience and Reduce Queues
(Posted on 08/06/23)LeasePlan UK has introduced a dashboard timer called 'Happy Charger' for its electric vehicle (EV) customers in order to enhance wait times and communication among drivers at public charging stations. The Happy Charger allows users to estimate their charging completion time using a timer wheel on the dashboard. Once set, the timer...
UK new car market experienced its tenth consecutive month of growth in May
(Posted on 08/06/23)According to the Society of Motor Manufacturers and Traders (SMMT), the UK new car market experienced its tenth consecutive month of growth in May. Registrations increased by 16.7% compared to May 2022, reaching a total of 145,204 vehicles. However, the market is still down by 21% compared to pre-pandemic levels in 2019. The...
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