"Running a fleet-based business in the UK was always financially challenging. But with Reeves' budget changes and the risks of operating somewhere like the capital, things have never been more difficult. With so many rules and regulations, it's almost impossible to thrive in an environment like this. Fortunately, strategies for success are still available. Many fleet-based businesses continue to operate in spite of the challenges they face."
"One of the top priorities right now is to master Driver and Vehicle Standards Agency requirements. Trying to get on top of these manually is almost impossible, but new technologies are making compliance more feasible. The easiest way to comply is to use smart tachograph version 2. These are mandatory on new vehicles but can be fitted to older vehicles. These improve visibility and enhance reporting in a way that satisfies the requirements of the authorities."
Fleet-based businesses face severe financial and regulatory pressures, amplified by budget changes and high urban operating risks. Mastering Driver and Vehicle Standards Agency requirements is critical, and manual compliance is increasingly impractical without digital tools. Smart tachograph version 2 improves visibility and reporting, can be fitted to older vehicles, and helps meet authority requirements. Non-compliance can trigger substantial fines of £1,500 per vehicle, per offense. Accelerating the EV transition through salary sacrifice schemes leverages very low benefit-in-kind taxes, enabling employers to offer higher effective pay while maintaining tax efficiency for employees.
Read at London Business News | Londonlovesbusiness.com
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