80mph motorway speed limit not ruled out by DfT

The Government says it is still considering the merits of increasing the motorway speed limit from 70mph to 80mph, despite reports that a U-turn could be in the offing. The idea was first mooted less than a year ago, when the former transport secretary Philip Hammond claimed the increase would be good for business. However, Patrick McLoughlin, who assumed the top job at the Department for Transport (DfT) following the recent cabinet reshuffle, appears less than convinced. He said what was important was that “we never lose sight about the issue of safety on our roads” and that safety was “paramount” to his thinking. Meanwhile a DfT spokesman said it was currently working on an impact assessment of an 80mph speed limit on sections of the motorway network with variable speed limits and considering the criteria for where and under what conditions the 80mph…

Choices made now can save fleets cash when new measures are introduced

Keeping abreast of Government policy and running a low carbon fleet are the top priorities for maintaining a tax-efficient fleet. That sounds simple enough, but fleet managers need to take into account corporation tax, VAT and National Insurance Contributions, and it’s not enough just to understand current legislation. With many companies operating a fleet replacement cycle of three or four years, changes announced several years in advance need to be taken into consideration by companies and their employees to help avoid unpleasant surprises. Companies are eligible for tax relief on certain costs, such as vehicle leasing, which reduces the corporation tax they have to pay. To maximise the level of tax relief, choosing low emission vehicles is key. Based on current legislation, if a car has CO2 emissions of 160g/km or below, then the full cost of the lease rental will attract tax relief….

Jaguar Land Rover condemns capital allowance changes

The Chancellor of the Exchequer’s decision to lower the lease rental restriction/capital allowance threshold from 160g/km to 130g/km has been heavily criticised by Jaguar Land Rover. The change, announced in the March Budget, comes into force in April 2013: no Jaguar or Land Rover model falls below the new upper ceiling. Jaguar Land Rover UK managing director Jeremy Hicks told Fleet News: “I’m not happy about the Government’s changes. We are a heavy investor in the UK employing thousands of people and supporting the economy. A curve ball like that isn’t good.” Enhancements to the 2.2-litre diesel engine in the Jaguar XF saw emissions fall from 149g/km to 135g/km. However, this car will now sit outside the upper capital allowance threshold, which means companies will only be able to write down 8% against taxable profits instead of 18%. For those leasing, it means that…

My tip for the future Tesla, One Giant L

My tip for the future Tesla, One Giant Leap for E.V.’s – NYTimes.com http://ow.ly/e9eK5