Assumptions: Company is VAT Registered. Rentals based on three years x 10,000 per annum with three initial rentals. 75% business miles per annum. Fuel based on Advisory Fuel Rate (assume drivers without free private fuel reimbursed via expenses).<\/figcaption><\/figure>\nWith the UK Government outlawing the sale of internal combustion engine (ICE) cars and vans from 2030, businesses have little time to optimise their changeover strategy to electric. Many businesses do not have the luxury of a dedicated fleet or transport manager to advise their organisations of the most efficient and cost-effective way to achieve an electrified fleet. This is where Fleet Electric can provide advice and assistance in procuring a single vehicle or transitioning an entire fleet to electric in an economical and environmentally friendly way.<\/p>\n
Fleet Electric is also empowering businesses to help their employees go electric via their electric car Salary Sacrifice Scheme that allows employees to lease an electric vehicle in exchange for part of their salary.<\/p>\n
<\/p>\n
Electric Car Salary Sacrifice Scheme<\/h3>\n Since April 2017, when HMRC made changes to Optional Remuneration Arrangement (OpRA) and April 2020, when the Benefit-in-Kind rate was reduced for electric cars, leasing via the Salary Sacrifice Scheme has become the most cost-effective way to go electric.<\/p>\n
Employees can lease a brand new, fully maintained and insured electric car cheaper than they could otherwise obtain, typically saving 30-40% off the cost depending on their income tax bracket. The employer deducts the lease from the gross salary. Therefore the employee does not pay any National Insurance or Income Tax on the amount of salary that they are sacrificing.<\/p>\n
In addition to providing employees with a great benefit, by introducing a Salary Sacrifice Scheme, employers will benefit from lower National Insurance Contributions (NICs) and Corporation Tax Relief for every employee that leases a car via the scheme, saving up to a few thousand pounds each time.<\/p>\n
<\/p>\n
Whether a small business with only a handful of employees or a growing enterprise with a small army of staff, going electric can be made as accessible, pain-free and as sustainable as possible with Fleet Electric and its suite of Climate Positive Leasing tools.<\/p>\n
With government grants of up to \u00a3350 per socket and write down allowances, such as the newly introduced 130% super-deductions, there has never been a better time for businesses to install the infrastructure to support the adoption of electric vehicles.<\/p>\n
The time to go electric is now, and the way to do it is Climate Positive.<\/p>\n
Please note, this article will also appear in the ninth edition of our\u00a0<\/em><\/strong>quarterly publication<\/strong><\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Businesses can help reverse climate change by ensuring their company vehicles and salary sacrifice schemes are Climate Positive with Fleet Electric. Antarctic and Arctic sea ice loss has tripled in the last decade. The Earth has lost 28 trillion tonnes of sea ice in less than 30 years, reducing the planet\u2019s ability to reflect solar […]<\/p>\n","protected":false},"author":21,"featured_media":18466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24425],"tags":[700,3478,689,529,789,582,24163,24307],"acf":[],"yoast_head":"\n
Electric vehicles can help prevent Arctic Sea ice from melting<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n