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Since 2002 policy cues have been given using the income tax system to encourage the purchase of company and personal cars with low emissions. [15] [16] In March 2005, a graduated vehicle excise duty system, with tax bands based on CO 2 ratings, was introduced as an incentive to purchase vehicles with lower emission ratings. [17]
A company car is a vehicle which companies or organizations lease or own and which employees use for their personal and business travel. [1] A take-home vehicle is a vehicle which can be taken home by company employees. Depending on the company, company cars may be available to all employees or just top-level personnel. [2]
Despite the loss of mass-market British marques, car models that are built in the UK are generally popular in the UK sales charts, examples being the Nissan Qashqai. [125] As of 2014 2.45 million cars were sold in the UK, with the Volkswagen Group having a 20.8% share, Ford Motor Company having 13.2% and General Motors having 11.3%. Subcompact ...
A multi-car policy is not a separate auto policy but one with a multi-car discount. Depending on the company, a multi-car discount can generally save you 10 to 25 percent on your total car ...
Motability is a scheme run by a private company called Motability Operations Ltd, intended to enable disabled people, their families and their carers to lease a new car, scooter or powered wheelchair, using their disability benefit. It is overseen by the charity called the Motability Foundation in the United Kingdom. According to its response ...
If one's car is declared to be a "write-off" (or "totaled"), then the insurance company will deduct the excess agreed on the policy from the settlement payment it makes to the owner. If the crash was the other driver's fault, and this fault is accepted by the third party's insurer, then the vehicle owner may be able to reclaim the excess ...
Tax equalization is a policy applied by some international companies under which employees who are hired in one country and later accept a (temporary) assignment in another country do not have their total after-tax ("take-home") compensation changed depending on the tax regimes of the country they move to. If the employee is assigned to a ...
Morris Motors Limited was a British privately owned motor vehicle manufacturing company formed in 1919 to take over the assets of William Morris's WRM Motors Limited and continue production of the same vehicles. By 1926 its production represented 42 per cent of British car manufacture—a remarkable expansion rate attributed to William Morris's ...