Ogilvie Fleet cements its business excellence by retaining investors in people gold standard
Ogilvie Fleet is celebrating after retaining its Investors in People Gold Standard accreditation.
The multi award-winning vehicle leasing and fleet management company gained the Gold Standard for the first time three years ago and has retained the accreditation following a comprehensive audit involving interviews with almost half of the businesses’ 120 employees.
Investors in People Gold represents a true commitment to employees and demonstrates a solid foundation of good practice which remains challenging and aspirational for many organisations.
What’s more, securing Investors in People Gold Standard accreditation further adds to Ogilvie Fleet’s reputation as being at the forefront of the UK’s vehicle leasing and fleet management industry following multiple award wins, notably for customer service.
Additionally, Ogilvie Fleet, which has almost 17,000 leased cars and vans on its books and a further almost 3,000 on fleet management, achieved a two-star accreditation in the 2019 ‘Best Companies to Work For’ annual national survey that measures and acknowledges excellence in workplace engagement.
Company car benefit-in-kind tax rates for the three years 2020/21 to 2022/23 have been announced by the Government.
The announcement, which sees company car benefit-in-kind tax rates for zero emission cars in 2020/21 cut to 0% from the previously announced 2% but all other already published rates remaining unchanged for cars registered before April 6, 2020, sees reduced rates for cars first registered from April 6, 2020.
The twin-track approach will remain in place for the two financial years 2020/21 and 2021/22 before company car benefit-in-kind tax rates realign in 2022/23 (see tables below).
Figures for 2023/24 and beyond have not been published and, said the Government, “remained under review”. It said it would “aim to announce appropriate percentages at least two years ahead of implementation to provide certainty for employers, employees and fleet operators”. Therefore, it can be anticipated that 2023/24 company car benefit-in-kind tax rates will most likely be announced in the Budget in November 2020.
In announcing the new rates, the Government said it “recognised the value of the company car market in supporting the transition to zero emission technology. This is reflected in a higher proportion of company cars with zero emissions - compared to private registrations - and the high proportion of these that are subsequently supplied to the second-hand market after three-four years”.
The Government added: “By providing clarity of future appropriate percentages, businesses Will have the ability to make more informed decisions about how they make the transition to zero emission fleets.”
Ogilvie Fleet has once again received industry recognition, having been highly commended in the European Independent Lessor category of the International Asset Finance Network Awards 2019.
The annual awards take place during a gala dinner attended by hundreds of finance professionals and look to celebrate the leading organisations in asset finance and the contribution they have made to the industry.
Also celebrating on the night was fleet tax expert Colin Tourick who was inducted into the Fleet Finance Hall of Fame. Colin is author of Company Car and Van Tax 2019 which can be downloaded for free by clicking here.