3 Steps to controlling and reducing your Fleet & Business Mobility spend in 2021!
Did you know that the typical company vehicle costs a business over £8,000 a year?
C02 Emissions
So what is my fleet or my own vehicles emissions or if I am thinking of replacing my vehicle what is the new Co2 emission going to be?
Questions you may ask:
- How much C02 does my vehicle produce?
- How can I find the Co2 for a car I am wanting to Buy?
- Where can I get Co2 rates for a used car?
How does it work?
The Vehicle Certification Agency is part of the Government and is responsible for detailing fuel and emission rates which determines the VED you should pay.
The HMRC is responsible for BIK purposes and the taxable BIK you pay dependent on your emissions.
This C02 tool is free and provides a wealth of information for you.
The information provided is based on existing and proposed legislation as at March 2020 (11th March 2020 UK Budget). Whilst every effort has been made to ensure that information given is accurate and not misleading, this information is intended to provide a quick reference to the current tax regulations relating to company vehicles and how they impact employers and employees. The content has been provided for informational purposes only and should not be relied on as a substitute for professional advice. No responsibility can be accepted by LetsTalkFleet Ltd for any loss or liability occasioned by any person acting on or refraining from action as a result of viewing this information.
