COMPANY CARS
New guide to policy design for company cars
IDS has published a new guide on company cars, investigating how fleets are financed and the policies covering allocation. It also offers an in-depth look at the three key factors driving company car policies: cost containment; health and safety; and environmental considerations.
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What you will find in this report
The report by IDS discusses the various ways fleets can be financed and the policies covering allocation:
Looks at the key aspects of company car policies for job need and status drivers
Helps you understand finance options - including contract hire and outright purchase
Investigates employee car ownership schemes
Discusses eligibility for a company car
Reviews the allocation of both job need and status cars
Considers renewal periods
Provides an overview of the rules on trading up or down
Covers the cash alternatives
Shows business mileage rates
Format
This report is divided into two main sections:
1. Analysis
The key issues in company car policy design:
Method of acquisition
Employee car ownership schemes
Taxation of company cars
Taxation of mileage allowances
Job need cars - eligibility; allocation; renewal periods; trading up or down; cash alternative; free fuel for private use; business mileage rates; charge for private use
Status cars - eligibility; allocation; renewal periods; trading up or down; cash alternative; free fuel for private use; business mileage rates
All-employee car ownership plans
Reducing the company's carbon footprint
2. Company practice
Details of the company car policies - covering job need and status cars - at 23 organisations:
Acco Brands
Arval UK Group
AstraZeneca
Bethell Construction
Bombardier Aerospace Shorts
BT
Centrica
Clarks International
Hannaford
IBM UK
International Paint
Kodak
Logica
National Grid
Next Retail
Royal London Group
Serco
Shell in the UK
Thomas Cook UK & Ireland
Total UK
Vista Retail Support
Wolseley UK
Yell
Want to know more?
Title: “Company cars”, IDS HR Studies 919, June 2010.
Availability: IDS HR Studies is a fortnightly journal and online service analysing employers' HR policies, procedures and practices. For subscription enquires contact customer services, tel: 0845 600 9355. To subscribe online click here.
Incomes Data Services is the “leading UK information and research service on employment issues, providing a range of publications for employers, trade unions, government departments and other agencies”. For more details visit www.incomesdata.co.uk.