Hybrid cars are treated as either petrol or diesel cars for this purpose.
Follow this link for details on how the rates are calculated
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Submitting car data - HMRC and CIPP joint survey 4 July 2017
Are you currently payrolling the cash equivalent value of company cars? If so we would value hearing from you in a joint survey designed by HMRC and CIPP.
The aim of the survey is to collect views and experiences from employers who have chosen to voluntary payroll benefits in kind specifically company cars and car fuel, and have voluntarily begun to input company car data to the Full Payment Submission (FPS) during the 2017-18 tax year.
The mandatory input of this data on the FPS will not begin until April 2018.
HMRC would like to carry out some follow up work with a small number of volunteer employers to observe how the data collection and input process works for employers of all sizes. Space is available at the end of the survey to input your contact details if you would be happy to be involved with the follow up work, however this is not a compulsory requirement for completing the survey.
The survey will remain open to gather data throughout the coming months as it is appreciated that experiences and views may adapt as the year progresses.
The survey provides opportunity to include narrative of your experiences however if you have further comments please contact Samantha Mann, senior policy and research officer by email to policy .
Thank you for your time in completing this survey which, subject to your experience and views, should take between 5 -10 minutes to complete.
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The future of company cars is electric and hybrid if UK follows France 10 July 2017
France has announced that the sale of vehicles that use an internal combustion engine will be outlawed in France from 2040 as part of a shift towards electric cars.
The announcement comes after Volvo said that it planned to build only electric and hybrid vehicles from 2019.
The Times reports that the proposal forms part of an ambitious plan to meet targets under the Paris climate agreement where France aims to become carbon-neutral by 2050.
Diesel and petrol vehicles make up about 95 per cent of new cars on its roads at present.
As part of the plan, poorer households will receive a premium so they can swap their polluting vehicles for clean alternatives.
In a report from The Independent , ClientEarth CEO James Thornton reacted to the news saying:
“This is a huge statement of intent from the French government and an example of how we’re likely to see exponential change in the coming years as governments grapple with the necessary changes we have to make for air quality and our climate. Coming hot on the heels of Volvo’s announcement yesterday, the outlook for the internal combustion engine is bleak. This is now clearly the direction of travel and industry players who are not on board will find themselves struggling before long.
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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