Motor motivation

摘要

Company cars are becoming much less popular. The latest figures from Revenue & Customs show that in the tax year 2003/04 the number of company cars fell from 135m to 13m, a decrease of nearly 4%. In the same year the number of company car drivers taking a private fuel allowance fell by 14%, from 570,000 to 490,000. In comparison, the number of UK employees taking private medical and dental benefit rose slightly, to 2.18m. One of the primary reasons for this is that understanding the taxation and legislation implications of offering staff a company car scheme is now considerably more challenging than it was in the 1980s, when company cars were the undisputed perk of choice. They can still be a highly effective staff incentive when managed effectively. By adhering to the following top 10 rules, any company should be able to get it right.