Picture of Simon Marsh, managing director of Visiontrack

'Give IPT exemption for camera-fitted fleets'

Published:  01 September, 2016

In-vehicle CCTV specialist, Visiontrack is calling for the Government to waive the Insurance Premium Tax (IPT) for fleets adopting accident-reducing camera telematics technology.

This comes after a similar plea from the British Insurance Brokers' Association (BIBA) for telematics insurance products aimed at young drivers to be exempt from the duty, which now stands at 10%. Research from its members showed a 40% drop in incident risks among new drivers who use telematics so the trade body is keen to incentivise the take-up of such technology.

Simon Marsh, Visiontrack’s managing director, says there is justification for similar products targeting transport operators to be afforded the same exemption.

‘Transport businesses and fleets contribute significantly to our economy, but have been hit hard by two IPT hikes in the last 12 months, resulting in rising premiums.

‘Those looking to invest in vehicle telematics and cameras may have been put off or have been unable to finance such solutions as a result of increasing costs, yet this technology is a real driving force in the campaign to improve road safety.

‘Fleets that use these devices should be rewarded for taking steps to help save lives and cut incident rates, in turn saving the Government and taxpayers money and ensuring fleets keep moving.’

Road accidents cost millions of pounds through damage lost outputs and road closures along with medical, fire service and policing.

‘If fleet operators and young drivers are incentivised to introduce road safety-led products that improve driver behaviours, there is the potential for these figures to be reduced over time.’

While BIBA has concentrated on telematics, Simon also insists that vehicle camera technology needs to be included in any proposed tax exemptions.

He said: ‘Instant visual footage of any incident can provide valuable information about what happened, which ultimately benefits all parties involved.’

Related Articles

  • VisionTrack sponsors FORS first members’ conference 

    VisionTrack will be the headline sponsor at the first ever Fleet Operator Recognition Scheme (FORS) Members’ Conference at the National Conference Centre, Birmingham, on 9 November 2016.

  • Denis Naberezhnykh, of TRL, welcomes action on petrol and diesel vehicles 

    ‘TRL welcomes the news that the UK Government will ban the sale of petrol and diesel vehicles from 2040. This is largely in line with the Government’s existing commitment to almost entirely decarbonise the transport sector by 2050, which would have required that sale of new vehicles from 2040 are restricted to zero-emission capable vehicles.

  • Measures to cut emissions before 2040 

    Following the government's annoncement that diesel and petrol cars and vans will be banned from 2040, Peter Millichap, UK director of marketing at Teletrac Navman, says the impact of this will be huge but points out that there are measures transport companies can take to reduce emissions right now.

  • Connected and Autonomous Vehicles: Time for the UK Government to act 

    In the wake of the House of Lords Science and Technology Committee's report: ‘Connected and Autonomous Vehicles: The future?’, TRL’s academy director Nick Reed, offers his view.


  • Using social media when driving must become the new drink-driving 

    Following changes to the law from 1 March that introduce stricter consequences for phone use while driving, TRL’s head of transport psychology Shaun Helman, says attitudes and behaviours towards using social media when driving need to be changed.

Sign Up

For the latest news and updates from LAPV.






Linkedin

LAPV (Local Authority Plant and Vehicles) is the only UK information source purely dedicated to local authority vehicles and affiliated plant equipment. Appearing four times a year, it offers well-researched technical articles on the latest equipment/technology as well as in-depth interviews with key industry professionals. More...

Facebook

Twitter


All content © Hemming Information Services 2017

Sitemap