Categories : Auto Repair

Numbers paying BIK automobile tax rise for very first time in 10 years The number of employees paying business vehicle tax has increased for the first time in 10 years, newly-released figures recommend. The information, from HM Earnings and Custom-mades (HMRC), reveals that 950,000 employees paid benefit-in-kind (BIK) tax on a business car in 2014/15 –– a 1 %increase on the 940,000 tape-recorded in the previous fiscal year. It is the first time the variety of people paying BIK on business vehicles has increased given that 2006/07, when the number struck 1.16 million. The 2014/15 boost puts the number of business vehicle motorists on a par with that last seen in 2011/12, when the combination of benefit-in-kind (BIK) tax and NICs deserved £& pound; 1.66 billion to the Treasury. 3 years later and the same variety of company automobiles deserved an added £& pound; 240 million in tax to the Federal government at £& pound; 1.9 bn– a 15% increase. It means a business car was worth, £on average, & pound; 2,000 to the Treasury in 2014/15, compared with £& pound; 1,747 in 2011/12. Figures also prove to company automobile drivers have actually paid the lion’& rsquo; s share of the boost, some & pound; 150m more compared to the £& pound; 90m extra paid by employers. The greater tax take can, in part, be described by the boost reported in the taxable value over the very same duration. In 2014/15, the ‘& lsquo; value & rsquo; of the company automobile parc was reported as £& pound; 3.95 bn, which was £& pound; 290m(7.9%) more than the £& pound; 3.66 bn taped in 2011/12. Colin Tourick, professor of automotive management at the University of Buckingham business school, informed Fleet News: “& ldquo; The economy had been doing well in 2014/15 so we can be fairly sure that more employers were using more staff, and were offering business cars. “& ldquo; By 2014/15, we likewise had some great low-CO2 new vehicles available in the market, so staff members were able to opt for company vehicles without having an inflated company car tax costs.” & rdquo; In addition, Tourick states that business have actually become far more knowledgeable about task of care concerns, and realised that …
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“> See all stories on this topic Texans Love Their Pickup Trucks– Therefore Do Car Burglars, According To Research study

AUSTIN, TX– If you remain in Texas and you own a pickup (who doesn’t, right), you might wish to oversleep it, or a minimum of clothing it with a great alarm system. Texans enjoy their pickup and, obviously, so do automobile burglars. The National Insurance coverage Criminal offense Bureau has actually released a report that lists the most stolen vehicles in Texas, and three of the top five are pickup models. Regular automobiles completing the top 10 include two Honda designs; another pair of Chevrolet designs; Toyota; and Nissan. The list mentions the most stolen vehicles for in 2014, and includes all states. The report is based on car theft information submitted by law enforcement agencies to the National Cime Details Center. Without further ado, the most-often stolen automobiles in Texas were (drum roll, please): 1. 2006 Ford Pickup (Full Size) 2. 2004 Chevrolet Pickup (Full Size) 3. 2004 Dodge Pickup (Full Size) 4. 1997 Honda Accord 5. 2015 GMC Pickup (Full Size) 6. 2000 Honda Civic 7. 2004 Chevrolet Tahoe 8. 2014 Toyota Camry 9. 2012 Nissan Altima 10. 2007 Chevrolet Impala So, exactly what’s up with all those older models on the list? Right? Turns out, older designs are attracting automobile thieves because they’re less most likely to have actually advanced security, according to “To car thieves, more recent vehicles can be more problem than they deserve (or almost difficult to take) because they typically have more advanced security elements,” specialists at write on their site. “Likewise, some vehicles have “clever secret systems” that make it so they merely will not start without the right ignition key.” Due to the fact that older automobiles didn’t come basic with similar levels of security, it can be much easier for burglars to steal them, specialists wrote. Exactly what’s more, automobile burglars in some cases aren’t after the vehicle per se, however its parts. Subsequently, old vehicles can yield a lot of value with the stolen parts. “A thief can make much more cash by offering the parts of an older vehicle than you might make by offering the entire vehicle to a buyer,” D.
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