The Business Exchange Swindon & Wiltshire Edition 61: June/July 2022 - Page 32


Can I use an electric car as a pool car ?

Yes , but the car must still meet the pool car rules in full . There are no specific exemptions to the rules for electric cars . To qualify as a pool car all the following conditions must be satisfied in full :
( a ) It is available to , and used by , more than one employee .
( b ) It is made available , in the case of each of those employees , by reason of their employment .
( c ) It is not ordinarily used by one of them to the exclusion of the others .
( d ) Any private use by an employee is merely incidental to their business use of it .
( e ) It is not normally kept overnight on or near the residence of any of the employees unless it ’ s kept on premises occupied by the provider of the car .
If the car is stored most nights at a residential address ( e . g ., for charging ), it would not normally qualify as a pool car . However , as you can see on the previous page , the taxable benefit for an electric car is much lower than a petrol / diesel car .

Can my company pay for a charging point to be installed at home ?

Yes ! If used for a company car , a business can pay for a charging point to be installed at the employee / director ’ s home without incurring a tax charge on the employee . The business can also claim tax relief on the cost .

Can an employee / director claim for the cost of electric if the car is charged at home ? I

If the car is charged at a home charging point , an employer if it wishes can either :
• Reimburse an employee for the cost of the electric used for business journeys without the employee incurring a tax charge ( i . e ., electric used for commuting or private journeys is not reimbursed ), or
• as an alternative , mileage at the HMRC company car advisory fuel rate ( currently 5p per mile for electric cars ) can be used for calculating the cost of business journeys .

Electric bikes

If you are considering commuting by bike as an alternative option to driving , pedal assisted electric bikes , if used mainly for commuting , qualify for the cycle to work scheme . For electric motorbikes , these do not currently have any specific benefits different to a standard motorbike .
E-cargo bikes ( which are often seen as an alternative to the “ white van ”) also qualify for the 130 per cent Super Deduction if acquired before 1 April 2023 . Thereafter , they will qualify for a 100 per cent deduction against taxable profits as part of the Annual Investment Allowance . In addition to the tax benefits , grant funding may also be available making them a very cost-effective alternative to the van .

The Legal Bit

We hope that you ’ ve found this information helpful , but please note that though it is based on the latest legislation , it is for guidance only and cannot be construed as advice . We would always recommend that you consult a qualified accountant or tax advisor before taking any action based upon the contents .
The good news is that the Richardson Swift team are expert chartered accountants and tax advisers and would be happy to help your business navigate the taxation landscape , whether you want to improve your green credentials or maximise profits generally .

Want to know more ? Get in touch for fresh ideas .

t : 01225 325580 e : hello @ richardsonswift . co . uk w : richardsonswift . co . uk
BUSINESS ADVICE ADVERTISING FEATURE ADVERTISING FEATURE BUSINESS ADVICE Who are your strategic business partners? IS IT TIME TO PAUSE AND PLAN? By sales expert Martin Baines of Martin Baines Learning Solutions. When was the last time you reviewed your business…? I mean really pressed pause and looked at the way you are doing things? Or the way your team are doing things? I get it, we are all busy and on the hamster wheel, trying to get as many sales closed as we can, and at the end of each month we get a report on performance versus target, profit levels, retained margin, new customers, repeat business, missed opportunities and many other metrics to boot. What gets done with this data though…? Every sales team should have a set of clearly defined Key Performance Indicators (KPIs) against which they are measured, yet I often find managers are unable to interpret their KPIs and therefore unable to effectively coach and develop their sales teams to improved performance. Or those metrics are simply a tick-box exercise and there are no steps put in place to meet those targets and no time set aside to take the temperature of your team – even if that team is you! Having worked with many global brands on improving their people, performance and processes, I know how important it is to identify the knowledge and skills gaps in sales teams and how to plug those gaps with tailored training and coaching programmes. There are plenty out there who will say they can provide you with ‘training;’ however in my experience many of these programmes lack a real commercial edge to them. The programmes sound great yet lack any real practical strategies for implementation. Working with my associates, we provide solutions that, when applied, will bring By Paul Holmes, Founder of PCH Business Consultants tangible improvements and will have a positive impact on your results. Sales training must be applicable to your business, your sector and your clients, so one size does not fit all. Let’s be honest, the bottom line is what every stakeholder looks at; if we could show you a way to get your sales teams consistently improving your bottom line, would you be interested…? Alison Edgar MBE is a Chippenham-based author, speaker and entrepreneur. Her Amazon best-selling books SMASH IT! The Art of Getting What YOU Want and Secrets of Successful Sales have been used globally to pioneer change in the personal development industries. In Alison’s regular Business Exchange column, she answers your questions. Giving tips on time management, managing stress, hitting sales targets and more. Alison is here to help you SMASH your goals. Get in touch: Email: Tel: 07789 888 278 Website: Brochures Leaflets Posters Business cards Merchandise Clothing Signage Safe Space Solutions Banners (you name it, we design and print it) Marketing materials that make our clients look great! 01793 336 004 32 SMASH IT! with The Entrepreneur's Godmother That time has arrived where I respond to the questions and comments that you send over to me on LinkedIn. Jackie Andrews says: I always feel like I’m running out of hours in the day. I hate to break it to you Jackie, but there has been and always will be 24 hours in a day. That’s never going to change. You can’t magic up hours, days or months but what you can change is how you manage your time. A few months back I taught you Alison Edgar’s Big Balls ® - how to manage your time without a common to-do list. This time I have a new time management tip! Want to know what my biggest time- consumer was? My emails. Love them or hate them, they are a way of modern life, but they can also steal your time and switch it for overwhelm right before your eyes. You need to draw a line in the sand. Clicking into an empty inbox every day is the equivalent to waking up in a clean house every morning, it’s refreshing and gives you a great foundation to build your day on. A tidy inbox is very much a tidy mind. Unfortunately, that is all I can squeeze into this edition. If you have any burning questions that you’d like me to answer in my next column, feel free to send them over to me on LinkedIn (Alison Edgar MBE) “Clicking into an empty inbox every day is the equivalent of waking up in a clean house every morning” Many of you will know that I’ve rebranded as part of the evolution of my business and I’ve spent months gathering a team of trusted and skilled business consultants to offer each PCH client access to the support they need to scale up and thrive. Over the coming magazines I will be introducing you to those partners so you can understand the depth of expertise available with the PCH business family. You’ve already been introduced to ESG specialist Rod Hebden of New Elements and now I’m showcasing the expertise of Alasdair Mackay, based in Salisbury, who runs Clearwater Advantage, a consultancy specialising in supporting high potential businesses achieve sustainable growth. Alasdair is a professional engineer who learned the value and practice of strategy and planning properly in his first career in the Army. Since moving into the business world 12 year ago, he has put the two together, working in and with businesses, from multi- nationals to SMEs, as a “business engineer” to design the strategy, structure and systems for growth. He said,“As well as knowing what you are good at, you need to know what other people can do better than you – so anyone supporting businesses needs a network of partners. Paul is building a strong team of people with mutually supporting skills and I’m very pleased to be asked to join." As a chartered engineer, I bring a logical approach to breaking down a problem into its component parts and building a business model that is designed to work, with an organisation that supports the plan and systems that oil the wheels. I am delighted that Alasdair is part of the core team of project leads at PCH. Alasdair, like me and my other associates, knows that a plan is not something you write and never use. It is something that should “As well as knowing what you are good at, you need to know what other people can do better than you” drive every aspect of a business and evolves and grows as you meet challenges and successes along the way. If you are reading this and feeling you need support to aid growth, to manage growth and to achieve further growth please get in touch. To find out more about PCH Business Consultants: Visit: Email: Call: 07715 008 521 To find out more about SMASH IT! Training visit: email: or call: 020 3600 9967 THE BUSINESS EXCHANGE 2022 33