New Year's Day may bring a few more aching heads than normal
this year, as Gordon Brown's temporary tax cut is withdrawn and VAT
returns to 17.5%.
That's the warning from Karan Ridgard, operations director at
Derbyshire-based asset management consultancy and software house
Chevin Fleet Solutions.
Fleet managers up and down the country will be scrambling to
reset their calculations to avoid being caught out - unless they
have an advanced system like Chevin's FleetWave to do it for them
that is.
Karan states: "There are so many things affected by VAT that
this change could be a real nightmare for fleet managers. The
initial cost of a vehicle, fuel, tyres, parts and labour are all
subject to it, so over a large fleet the extra 2.5% could equate to
hundreds of thousands of pounds.
"FleetWave and RoadBASE consolidate taxation changes universally
across systems; ensuring fleet managers are fully equipped with the
key data necessary to enable a seamless transition. It's a real
concern for some fleet managers, but Chevin systems allow companies
to continue business as usual. If there are concerns, our expert
team is only a phone call away."
The flexibility of Chevin's FleetWave and RoadBASE solutions
will ensure that the hundreds / thousands of fleet managers using
the system in the UK will be able to welcome in the New Year with
complete peace of mind. Unfortunately, the same cannot be said for
users of lesser systems.