OVL Lease Blog

Going green and increasing National Insurance – what’s the link?

Going green and increasing National Insurance – what’s the link? Earlier this month the Government announced that there would be a 1.25 % rise in certain National Insurance contributions from April 2022.... Read More

E10 petrol: What is it and can my car run on it?

E10 petrol: What is it and can my car run on it? The introduction of E10 petrol brings with it another benefit to leasing your vehicles - because all new cars can run on E10 petrol, so you don'... Read More

London’s Ultra Low Emission Zone (ULEZ) expanding in October 2021 – is your vehicle compliant?  🚙

London’s Ultra Low Emission Zone (ULEZ) expanding in October 2021 – is your vehicle compliant?  🚙 From 25 October 2021, the existing central London Ultra Low Emission Zone (ULEZ) will expand to create a single larger zone up to, but not includin... Read More

The Audi e-tron GT - car leasing review

The Audi e-tron GT - car leasing review The new Audi e-tron GT is an electric four-door coupe with powerful motors and seats for five people. Here’s what some of the reviewers are s... Read More

HOW CAN DRIVING BEHAVIOUR HELP YOU REDUCE FUEL COSTS AND GREENHOUSE GAS EMISSIONS?

HOW CAN DRIVING BEHAVIOUR HELP YOU REDUCE FUEL COSTS AND GREENHOUSE GAS EMISSIONS? The experts from Emtec Corp Ltd have shared with us, an article detailing how driving behaviour is one tool to be used to reduce fuel costs and gre... Read More

What does the global shortage in computer chips mean for the car industry?

 What does the global shortage in computer chips mean for the car industry? News sources have been awash in the past few months with information about the global shortage in computer chips.  Initially caused by fa... Read More

Lease the Audi E-TRON GT - read our review round-up

Lease the Audi E-TRON GT - read our review round-up The Audi E-TRON GT is the flagship all electric car for the German manufacturer and it is quite simply luxury personified - Auto Express report tha... Read More

The Citroen E-C4 - Car Leasing Review

The Citroen E-C4 - Car Leasing Review The Citroen E-C4 is an affordable all electric coupe SUV. It's official all electric range is reported as 217 miles but real-wor... Read More

The Skoda Enyaq – A Car Leasing Review

The Skoda Enyaq – A Car Leasing Review The new Skoda Enyaq iV is first bespoke electric car from Skoda and Auto Express says “it brings a practical outlook to the EV ownership... Read More

Vans are in short supply – Vans4Lease expert Chris Tunnell offers his thoughts.

Vans are in short supply – Vans4Lease expert Chris Tunnell offers his thoughts. There is one thing that’s for certain, in these uncertain times, there is an almost unprecedented shortage of new vans available to lease.&nb... Read More

Going green and increasing National Insurance – what’s the link?

29/09/2021

Going green and increasing National Insurance – what’s the link?

Earlier this month the Government announced that there would be a 1.25 % rise in certain National Insurance contributions from April 2022.

National Insurance is paid by employers, employees and self-employed workers in the UK – except for those on low incomes. 

How does this impact fleets?

An employer pays National Insurance on the Benefit In Kind (BIK*) of the driver’s car and therefore the higher the National Insurance, the more an employer will have to pay for a driver of a fleet vehicle……..however, electric vehicles, thanks to a lower BIK will command a lower NI so the price rise will in essence, be balanced out.

*BIK is a calculation based on the value of the vehicle and its emissions. 

Another compelling reason to switch fleet vehicles to alternative fuel sooner rather than later. 

Contact our team to discuss in detail and you can read more about switching to electric vehicles here.