Helping company car drivers control the cost of ‘benefit in kind’ tax

Venson logo

Independent leasing and fleet management specialist, Venson Automotive Solutions, has launched a Fleet Tax Guide to help customers access up-to-date tax tables, calculate the tax on company cars and employer provided fuel, and provide easy to understand definitions to commonly used tax terms.

Venson  logoIndependent leasing and fleet management specialist, Venson Automotive Solutions, has launched a Fleet Tax Guide to help customers access up-to-date tax tables, calculate the tax on company cars and employer provided fuel, and provide easy to understand definitions to commonly used tax terms.

The launch of the Guide, which is available online and mobile enabled, confirms Venson’s continued commitment to listening to the needs of their customers and delivering innovative solutions.

Company cars account for over 60% of all new car sales in the UK, with around 1 million fleet or business registrations in 2012. ‘Benefit in Kind’ tax is used to tax company cars made available for the private use of employees. It is based on CO2 emissions, vehicle list price (including accessories) and fuel type. The Venson Fleet Tax Guide’s Calculator evaluates the ’Benefit in Kind’ tax of company cars, helping drivers to quickly and simply understand the monthly financial implication of selecting a car of their choice. The Glossary of Terms demystifies common but confusing tax terms.

Simon Staton, Director of Client Management for Venson Automotive Solutions, explains, “We’ve listened to our customers and have built this solution around their needs.  Many said they find the calculation of the Benefit in Kind tax challenging, so we’ve created this web-based user-friendly tool to simplify the process.”

Fleet consultancy, BCF Wessex, played a key role in bringing the Venson Fleet Tax Guide to market. Jeff Whitcombe, one of the company’s Directors adds: “The new Guide from Venson shows that pocket-sized paper based tax cards, which are still commonly used, are redundant as they quickly become out of date in a digital age. As a web-app designed for use on all smartphones and tablets, the Guide is always easily accessible and, as it is constantly refreshed to reflect any tax changes, users will always have the very latest information to hand. It’s a great on the go tool for fleet managers and company car drivers.”

 

Latest Stories