Over 40 people representing businesses from across the Island attended a breakfast event in Newport earlier this week to find out more about the Government’s electric car Salary Sacrifice Scheme and how companies and their employees can lease a new electric vehicle in a more tax-efficient way.
The event, held at Café Isola, was brought together by Paul and Nancy Thorley of Isle of Wight-based Vehicle Consulting Solent, alongside Sue Lucas of leading accountants Moore and Alison Colley of Real Employment Law.
Sue Lucas, Chair of Moore (South) LLP and a partner at their Newport office, opened the event by explaining the favourable tax benefits for both company and employee, together with tax planning considerations. Sue was followed by Paul Thorley, Director of Vehicle Consulting who explained how simple it was to access the new scheme, the extensive range of electric vehicles available and the fuller benefits including all servicing and repairs, breakdown cover and road tax being included.
Alison Colley, Founder of Real Employment Law, then reflected on the benefits to employee retention and considerations for employment contracts. Delegates then talked further with the speakers and continued their networking.
Nancy Thorley explains:
“We want to ensure island business can take full advantage of this scheme which saves money and enhances benefits to employees, helping them and their staff to go greener, quicker while experiencing all the benefits of driving an electric vehicle. There is no cheaper way for employees to acquire a brand new electric car than via this scheme.”
Paul, Nancy and the Vehicle Consulting Solent team are working closely with all Island businesses, irrespective of size and number of employees, to ensure they can take full advantage of this Government scheme to bring new electric vehicles to the Island.
To find out more simply call them on 01983 632652 or visit www.vehicleconsultingsolent.com.
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