Vehicle Policy Development

At CBVC we can help you produce a definitive vehicle policy document, understood by everyone in the company, in short, vehicle choices and the do's and don'ts of using company vehicles

Few companies have in place a written policy setting out clearly their vehicle picking list alongside the rules and expectations under which their vehicles are run. Yet in the event of a court case or employment tribunal, the absence of such a policy could put the company at a considerable disadvantage.

Taxation will affect almost every decision you make, common issues include:

VAT: How much VAT can a business reclaim on vehicles? How can a business use the rules to its advantage? How much VAT is recoverable on motor expenses? How do the rules affect a company that provides its employees with mileage allowances or free fuel?

Income tax: Should I have a company car or run one personally? What are the IR statutory mileage rates and how could they affect a business? What is a P11D?
VED/CO2 Company Car Tax: From April 2002 there has been a fundamental change in the way company cars are taxed to help protect the environment. Cleaner, more efficient cars are rewarded through lower car tax and excise duty. We can help you calculate the savings you could make, and work out the best way to use the new arrangements to your advantage.