PRESS RELEASE: ACFO 'State of The Nation' Seminar To Separate Fact From Fiction As Managers Focus On Unprecedented Fleet Changes
Fleet decision-makers have been urged to book their places for the forthcoming ACFO ‘The State of the Nation’ autumn seminar where expert speakers will separate fact from fiction and myth from reality on a range of key legislative and regulatory developments.
Fleet management is changing at an unprecedented pace triggering a spectacular increase in administration, which is why ACFO is turning the spotlight on ‘The State of the Nation’.
All the major issues that are dominating fleet managers’ agendas will come under the spotlight at the seminar, being held on 21st September at Plant Oxford, the production home of the iconic MINI owned by BMW Group (UK).
The vehicle manufacturer, business mobility and fleet leasing expert Alphabet (GB) Ltd and the British Vehicle Rental and Leasing Association (BVRLA) are sponsoring the event, which has so far seen nearly 90 fleet decision-makers book places.
Topics that will be discussed by experts will include:
- A tax update that will focus on: the government’s consultation on the taxation of benefits-in-kind and employee expenses that includes an examination of Approved Mileage Allowance Payments made to employees that drive their own cars on business journeys; an update on ACFO’s call for HM Revenue and Customs to publish Advisory Fuel Rates for plug-in cars; the future viability of both car salary sacrifice and car or cash allowance programmes following tax changes that came into effect on 6th April and the impact on P11D reporting of the measure; and developments that can be expected in the Autumn Budget including possible changes to the tax treatment of diesel vehicles and company car benefit-in-kind tax rates for 2020/21.
- The impact on fleets and vehicle-related taxation of the introduction of the Worldwide harmonised Light vehicles Test Procedure (WLTP), the new vehicle CO2 and MPG test procedure that replaces the long-established New European Driving Cycle (NEDC).
- An update on the lease accounting standards changes that are effective from 1 January, 2019, which require most leased assets to be reported on company balance sheets.
- The use of HM Revenue and Customs’ online service for payrolling employees’ benefits, including company car provision, and expenses, which reduces administration as there is no requirement to submit P46 (Car) or P11D forms.
- The increasing digitalisation of a range of fleet services by the Driver and Vehicle Licensing Agency to reduce administration.
- An update on Dart Charge and a range of other issues including developments in respect of charges for the two Severn Crossing bridges which are due to revert to central government control at the end of this year or in early 2018, and the proposed new £6 billion Lower Thames Crossing which will connect Essex and Kent east of Tilbury and Gravesend with the aim of reducing the traffic burden on the Dartford Crossing.
- Brexit and the impact it will have on fleet operations notably in respect of potential new vehicle price increases and a rise in service, maintenance and repair costs if trade agreements with the European Union are not reached.
Expert speakers who will discuss the impact those developments will have on fleets and actions that fleet decision-makers should take are:
- Caroline Sandall, director, ESE Consulting, and deputy chairman of ACFO
- Jay Parmar, director of policy and membership, BVRLA
- Alison Avo, corporate services relationship manager, operations and customer service directorate, Driver and Vehicle Licensing Agency
- Sarah Green, head of Dart Charge service, Highways England
- Simon Carr, chief commercial officer, Alphabet (GB) Ltd
- Steve Oliver, general manager, corporate sales, BMW Group (UK)
The seminar, which starts at 9.30am and finishes at 1.30pm, with an optional tour of Plant Oxford, will conclude with a panel discussion.
John Pryor, chairman of ACFO, the UK’s premier fleet decision-makers’ organisation, said: “There is an unprecedented level of change impacting on fleet leaders and that is sparking huge uncertainty and confusion as to exactly what is occurring; when it is happening; and what actions fleet operators should be taking to prepare for the developments.
“At the seminar expert speakers will put the measures into context and aim to draw some conclusions giving delegates the facts so they can dismiss the fiction and the myths that are circulating. Delegates will, we hope, leave the seminar fully briefed to they can continue to run their fleet operations along best practice lines as they implement any necessary administration changes.”