Mike Tobin quoted in North West Business Insider
August's North West Business Insider looked at the ways in which tax and regulatory changes are encouraging employers to scrap company car policies in favour of greener options.
Mike Tobin, Director at Warren Partners, explained how these changes have impacted on senior executives. He said: "The tax penalties and lack of flexibility associated with company cars mean that the majority of executive-level candidates now prefer to take an allowance.
"Taking a vehicle from the company pool may mean ending up with a three-year-old car that hasn't been particularly well looked after, when you would prefer to be driving a brand new one. By taking a car allowance as part of a reward package, an executive has the option of selecting their own car or downsizing against the model offered and using the difference to buy other things."
August 2007
| Back to Articles | Next Article |
