BIK (Benefits In Kind) Van Charges! In April 2007,
the new Benefits In Kind van charge came into operation.
This new charge has significant implications for both
employers & employees.
What it
all means:
- Taxable benefit on company vans
subject to private use jumped from £500 to £3000 per
annum from April 07 & £3500 where private mileage fuel
is included
- The onus is on the
employer to provide the information to determine how
much tax is to be paid.
Simply to ban private use isn't enough. The new tax
applies unless you provide adequate proof that private
use is exclude.
- The BIK van charge doesn't just
impact on your employees. Your business will have to pay
an extra £448 each year for every driver in increased
Class 1A National Insurance Contributions
The only realistic solution is
Interactive vehicle tracking which will log
every movement of your company
vehicles. Our fleet management solutions can include
business/private mileage which is compliant with the new BIK
van charges. We also offer Driver ID, giving you
traceability of which driver was in which vehicle.
Older News
Stories:
We Have moved! We are pleased to announce our move to new purpose built premises
which took place on 25th June 2007... We now have a new local
rate office number 0844 555 3040 and a dedicated support
line...0844 555 3045. Thank you for your
patience and support during the first few days of teething
problems!
Interactive Expansion. Interactive Communications Ltd
are focused on becoming a leading provider of Telematics to
UK fleets and in pursuit of this objective have acquired the customer
base of a Tracking Dealership based in London......
We are delighted to announce our takeover of the BRP Ltd
Telematics base, branded as 'Pinpointer', serving customers
in London and the South of England. Interactive now enjoy a
strong presence in the South as well as the North of
England, and have retained the sales and servicing functions
of BRP to ensure continuity of care for its customers.
Interactive is continuing to follow its mid term plan
and is expanding its
team of dedicated professionals. This will enable
Interactive to provide a professional consultative
approach to precisely identify the needs of its customers
which will facilitate the provision of the most appropriate
and effective solutions to meet each individual need.
