The Society of Motor Manufacturers and Traders (SMMT) has warned that van drivers overloading their vehicles could be negating safety technology advances in the commercial vehicle sector. During 2015, the Driver and Vehicle Standards Agency (DVSA) weighed 2,381 vans and found that 88.5% were overloaded compared to 84% the previous year.
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Rail passenger satisfaction recently rose overall for the first time in three years, but with less than half of the 28,000 train travellers surveyed saying they feel ticket prices represent value for money and with delays still regularly experienced especially in London and Manchester where major upgrades are still in progress, the car certainly remains the most convenient transportation method for contractors.
Each contractor’s business is different so when weighing up the financial pros and cons of leasing a brand new vehicle on business contract hire, purchasing it outright or obtaining a business loan to finance it, Umbrella’s accountants are here to provide BIK (Benefit in Kind), P11D, CO2 and other advice based on a contractor or company’s actual figures.