Driving for Business: Know the Rules

Car use for business isn’t as simple as just popping out to a client’s office or doing your boss a favour and transporting some bits in the boot. There are strict rules in place for personal car use for business and falling foul of them can be costly.

Personal car, cash car allowance or company car?

If you do a lot of driving for your work, you may be offered a company car or a cash […]

2021-01-22T08:56:59+00:00July 9th, 2019|Categories: Cars, Vehicle Finance|

Business Van Insurance

Are Your Tools Safe?

Making sure you have the right level of insurance cover is important, and it is easy to make assumptions which mean things are overlooked. One such assumption is that your van insurance that covers your business van or fleet also covers you for tools, equipment and stock that is in the vehicle.

Unfortunately, this is not the case, and if you do not have insurance in place to properly provide you with […]

2020-04-19T07:30:08+00:00May 14th, 2019|Categories: Contract hire, Fleet management, Vehicle Finance|

Adoption of Leasing Models

We all like to have the latest equipment, especially in business. Being able to show you are at the cutting edge of technology can be very important – it encourages your employees and means you present well to clients. Not only that, but it gives you access to the advantages that top-end technology offers.

The potential financial outlay to keep at that cutting edge, however, can be staggering. Asset finance and equipment leasing […]

2020-04-19T07:57:41+00:00April 4th, 2019|Categories: Asset Finance, IT Leasing, Vehicle Finance|

Driving an Electric Car – is it Time to Make the Change?

Charging Your Car at Work – Electric Cars for the Commute

If your driving experience is centred on the commute to work, that daily grind can be much improved by an electric car. Not only does having an electric vehicle (EV) mean that you are likely to be sitting in a brand-new car with all the comfort that comes with, but also you are sitting there safe in the […]

2021-01-21T20:12:06+00:00March 20th, 2019|Categories: Cars, Contract hire, Salary Sacrifice, Vehicle Finance|

The Simple Guide to IFRS 16: What You Need to Know

IFRS 16 is a new International Financial Reporting Standard for lease accounting which came into force on 1 January 2019. It replaced the existing IAS 17 accounting standard and was introduced by the International Accounting Standards Board (IASB).

At first glance, it’s a complicated piece of accounting legislation which could potentially be difficult to navigate. On closer examination, however, it’s fairly straightforward to understand, but could be less so to implement.

Here we try to make […]

2021-01-21T18:10:32+00:00March 5th, 2019|Categories: Accounting, Asset Finance, Contract hire, Vehicle Finance|

New Contract Hire Offers from Maxxia

We have a new selection of special offers to share with you.

The prices are keen, the vehicles are available and the stocks are limited, so act quickly to make sure you don’t miss out.

This month’s car offers include the Tesla 3, Vauxhall Corsa Electric and MG Motor ZS Electric for those interested in tax busting vehicles. On the van side, there’s the Renault Trafic LWB 30.

If you don’t see anything that’s quite right, get in […]

2020-04-19T07:51:52+00:00February 22nd, 2019|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

ECO Schemes To Make A Comeback

Employee Car Ownership (ECO) Schemes could be about to make a comeback.

But are they right for you?

Changes to the rules affecting salary sacrifice car schemes and a seemingly endless tide of rises in Benefit-in-Kind taxes for company car drivers have prompted some industry experts to suggest that Employee Car Ownership (ECO) schemes may be about to make a resurgence.

While some pundits have suggested that the latest Government interventions have made a rise […]

2020-04-19T07:46:53+00:00October 25th, 2018|Categories: Cars, Employee Car Ownership, Salary Sacrifice, Vehicle Finance|

Advantages and Disadvantages of Employee Benefit Schemes

At one time, people left education, got a job and worked their way up through that company until they reached the level they wanted. It wasn’t unusual for employees to spend their entire working lives with the same employer. This often with minimal, or maybe no specific employee benefits to speak of.

Believe it or not, that wasn’t so very long ago.

Now, it is extremely rare for an employee to stay with the same company […]

2021-01-21T18:08:51+00:00September 24th, 2018|Categories: Cars, Employee Car Ownership, Salary Sacrifice, Vehicle Finance|

Company Car Tax Take Goes Up As Number Of Drivers Falls

The Government is raising record revenues from the company car market by imposing higher taxes on drivers – at the same time as the number of drivers actually falls.

Provisional figures from HMRC for 2016/17, the latest year available, show that the amount the Treasury collected in company car tax and National Insurance Contributions (NICs) increased by more than 24% year-on-year – up by £360 million. Yet the number of employees with a company car […]

2020-04-19T07:43:17+00:00July 27th, 2018|Categories: Cars, Employee Car Ownership, Vehicle Finance|