Fleet suppliers including leasing companies will play a vital role in providing customers with strategic advice as they respond to the impact of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP) on vehicle policies.
The new emissions testing regime is designed to drive air quality improvements in the European Union, but it is creating a cloud of uncertainty among fleet operators.
As the tests provide a more accurate reflection of a car’s on-road performance, they are leading to increases in models’ official vehicle carbon dioxide emissions, which are the basis for most vehicle taxation, including company car tax and vehicle excise duty.
While industry bodies have campaigned for the government to take action to minimise any tax rises, there have been no policy announcements and fleets are turning to suppliers for advice on what action they need to take.
Industry experts will review the real-world impact of WLTP, and the role fleet suppliers will play, at the International Asset Finance Network Consumer and Business Auto Finance Regulatory Forum 2019, which is taking place in London on April 4.
Among the speakers is Dan Rees, associate director, head of cars and fleet consulting at Deloitte, who specialises in advising large and small businesses running fleets, alongside fleet industry suppliers, on company cars and fleet-related tax matters.
As part of his presentation, he will look at the key trends that are appearing as a result of the WLTP regime, including increasing interest in cash for car schemes and tax-efficient alternatives to the company car.
Rees is one of a number of industry experts taking part in the event, being held at London’s Hilton Canary Wharf.
Other fleet experts who will cover key industry topics at the event include:
- Jo Davis, partner, Locke Lord
- Steve Cocks, director of the broking division at Lex Autolease
- Leanne Christmas, head of compliance, Alphabet
- David Watts, senior consultant at Arval
- Caroline Sandall, deputy chair, ACFO
In addition to expert speakers, there will also be a panel discussion on other issues affecting the market and the chance to network with industry colleagues to review the future challenges ahead.
The day also includes presentations on the auto finance market and the vital role car dealers and brokers will play in developing profitable and compliant services.
For details of the IAFN Consumer and Business Auto Finance Regulatory Forum 2019, visit https://www.iafnlegal.com/ or to book a ticket:
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