Keeping faith with company cars

Article Abstract:

The United Kingdom fleet car industry has been concerned about government transportation policy, but much of this concern is unfounded. A consultation paper which proposes charging motorists for entering city centers may not be acted on, and there is no certainty that they will persuade people to use public transportation if they are acted on. The number of company cars in use in the UK is forecast to increase by some 10% to 3.3 million by 2001. Uncertainty still affects the fleet car industry until the government's plans have been clarified.

Automobile Rent & Lease, Passenger Car Rental and Leasing, Automotive Rentals, No Drivers, Automobile lease and rental industry, Car leasing, Car rental, Motor vehicle fleets, Fleets (Automotive)

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Stocktaking pays dividends

Article Abstract:

United Kingdom small businesses can use capital allowances for spending on machinery and plant, which have been raised to 50% from 25%. Dividends may be a tax-efficient way of extacting cash, when companies pay a 21% rate due to their taxable profits being below 300,000 pounds sterling, though dividends are more expensive for companies paying higher rates due to their profits being in higher bands. Changes that could be introduced include permitting companies to sell tax losses to stockholders as a way of encouraging investment.

Public Finance Activities, Small Business, Corporate Tax Administration, Taxation, Corporate taxes, Tax administration and procedure, Tax administration

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The high cost of euro conversion

Article Abstract:

Issues concerning the expected cost to UK companies of converting from the pound to the euro are discussed. The results of a survey by KPMG of 307 companies suggest that price transparency may lead to greater competition and tighter profit margins.

United Kingdom, Usage, Economic aspects, Brief Article, Economic policy, Pound (United Kingdom), Eurocurrency market, International banking

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