Driving your lease vehicle abroad this Summer?

If you intend to travel abroad using your lease vehicle you will require a ‘Vehicle On Hire’ (VE103) certificate which entitles you to drive the vehicle in any EU member state. All UK motorists travelling abroad in a vehicle must carry the original Vehicle Registration Document (V5). If your vehicle is leased from Fleetdrive we hold the V5 at our head office, meaning that you need a Vehicle on Hire Certificate (VE103), which is the recognised alternative to the V5 document. A VE103 contains details of the vehicle taken from the V5, along with the name and address of the hirer and enables the authorities to verify that the person driving the vehicle has permission to do so. The VE103 is the only legal substitute for the registration document (V5). Photocopies of the V5 or letters of authority are not accepted. It is the…

The Future of Salary Sacrifice Schemes

HM Revenue and Customs (HMRC) are consulting on the future of Salary Sacrifice arrangements and Cash for Car schemes are also to be considered. The UK tax authority had already come under fire for including cars obtained through Salary Sacrifice schemes in the consultation on potential tax changes. However, it now appears that thousands more company car drivers could see their tax arrangements overhauled as HMRC casts its net much wider than first thought. An HMRC spokesman has told Fleet News: “We are not looking just at traditional salary sacrifice, we are looking at when an employee can get a cash sum. “The most common is a car allowance where they can either get a car or a cash sum, which they can use on their own personal car or anything else. In this case, there will still be a direct convertibility to cash,…

Driving your lease vehicle abroad this Summer?

If you intend to travel abroad using your lease vehicle you will require a ‘Vehicle On Hire’ (VE103B) certificate which entitles you to drive the vehicle in any EU member state. All UK motorists travelling abroad in a vehicle must carry the original Vehicle Registration Document (V5). If your vehicle is leased from Fleetdrive we hold the V5 at our head office, meaning that you need a Vehicle on Hire Certificate (VE103), which is the recognised alternative to the V5 document. A VE103B contains details of the vehicle taken from the V5, along with the name and address of the hirer and enables the authorities to verify that the person driving the vehicle has permission to do so. The VE103B is the only legal substitute for the registration document (V5). Photocopies of the V5 or letters of authority are not accepted. You must apply…

BVRLA reveal truth about grey fleets

The full extent of the UK’s “grey fleet” is revealed today in the most comprehensive report into private vehicles used for business. The nation’s grey fleet comprises 14 million cars – 40 per cent of all vehicles on the road – and costs employers more than £5.5bn a year in mileage claims and car allowances. According to Getting To Grips With Grey Fleet, a new report produced by the Energy Saving Trust (EST) and commissioned by the British Vehicle Leasing and Rental Association (BVRLA), some 12 billion business miles are driven each year on Britain’s roads by employee-owned cars. The grey fleet describes the use of an employee’s own vehicle for business purposes. In return for using their own car, employees are reimbursed on a pence per mile basis. Using government figures and data from real- life fleets, EST researchers were able to produce…

BVRLA Appoints New Chairman

Simon Oliphant of Hitachi Capital Vehicle Solutions has been appointed as the new chairman of the BVRLA. Oliphant takes over from Marshall Leasing’s Peter Cakebread, who has stepped down after completing his two-year term. Having worked for Hitachi Capital Vehicle Solutions for 25 years, Simon Oliphant has been involved with the BVRLA since joining the Leasing and Fleet Management Committee in 2001. He became chairman of the same committee after a decade, and joined the BVRLA’s Committee of Management in 2011. Commenting on his appointment, Oliphant said: “I am delighted with my new position at the BVRLA, which gives me the opportunity to put something back into the industry I have been associated with for more than 30 years. As chairman, my first priority is to ensure we continue the excellent work that has been overseen by Peter, Gerry and the BVRLA’s other committee…

Fleetdrive MD appointed with other BVRLA New Committee Members

Simon Oliphant, Chief Executive of Hitachi Capital Vehicle Solutions, has been named as Vice-Chairman of the BVRLA and will take over as Chairman of the association when Peter Cakebread steps down in May 2015. The appointment was announced at the BVRLA‘s AGM, in which several changes were made to the Committee of Management. Six new members were added: Tim Buchan, Chief Executive of Leasedrive Zenith Benoit Dilly, Managing Director of Arval UK Victoria Hudson, Managing Director of Eurohire Vehicle Rentals Tim Porter, Managing Director of Lex Autolease Mark Servodidio, Managing Director of Avis Budget UK Robert Shaw, Operations Director of Europcar Group UK Making way for these new members are Bart Beckers of Arval UK, David Bird of Leasedrive, David Brennan (formerly of LeasePlan UK), Kaye Ceille of Avis Budget UK, Alison Chadwick of Thrifty Car Rental and Andrew Morley of Prohire. Commenting on…