tax
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Market Insight 24 MayGovt advised to apply pay as you go road tax for EVs
A think tank has proposed the UK Government should introduce ’pay-as-you-drive’ tax for electric vehicles (EVs) to replace lost revenues from fuel duty and VED.
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Retailing 28 MarAdvice to bolster the dealership as profits come under pressure
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
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Latest News 15 MarChancellor’s Budget: fuel tax frozen, pothole repairs funded, sustainable energy sought
The Chancellor of the Exchequer Jeremy Hunt has frozen fuel duty, boosted repairs to pothole damaged roads and targeted solutions to recruitment issues in his Budget statement.
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Digital Marketing 30 JanHMRC launches new VAT return scheme for GB cars sold in NI
HMRC has is introducing a new VAT return scheme for dealers that buy cars in Great Britain and plan to resell them in Northern Ireland or the EU.
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Latest News 8 NovRising costs and government policies to push motorists out of their cars
The car retail sector’s vehicle supply issues look set to be compounded by a cost-of-motoring crisis and growing moves to discourage car usage across the UK.
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Latest News 29 SepCar retailers target of ‘veiled threat’ from overstretched HMRC
Car retailers have been the target of a “veiled threat” from an overstretched HMRC after the Government body identified the sector as a VAT risk area, MHA has revealed.
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Market Insight 28 Sep‘Clock is ticking’ to deliver tax perks for EV-buying businesses
Car retailers have been told that the “clock is ticking” on tax incentives for business customers switching to electric vehicles (EV).
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Latest News 23 SepChancellor of the Exchequer announces £45bn of tax cuts in ‘mini’ budget
The Chancellor of the Exchequer Kwasi Kwarteng has announced £45 billion of tax cuts in a ‘mini’ budget set to cost the exchequer around £100bn.
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Latest News 25 MarHMRC’s focus on CJRS claims could pose risk for dealers
HMCR is increasing its focus on reviewing Coronavirus Job Retention Scheme claims and there is an increased chance of motor retailers being selected for review.
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Market Insight 22 MarIs car retail open to double-whammy from Treasury’s online sales tax?
Car retailers driving towards an omnichannel sales journey could be subject to a double-whammy of “complex” new taxation, it has been suggested.
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Opinion 21 MarCharging and tax anxiety are the last barriers to electric car adoption, opinion
Paragon Bank managing director of motor finance Julian Rance believes a more coherent plan on developing the charging infrastructure, plus insight into the Government’s tax agenda, should propel electric vehicle (EV) adoption.
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Latest News 23 NovHMRC clarifies post-Brexit tax terms for Northern Ireland car retailers
The HMRC has clarified the terms of post-Brexit tax arrangements for car retailers operating in Northern Ireland after changes to the margin scheme created a “hidden trap”.
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Market Insight 27 OctSunak reports 2022 aim for UK economy to reach pre-COVID strength in Budget speech
The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.
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Latest News 22 OctFLA calls on Government to help businesses ‘finance decarbonisation’
The Finance and Leasing Association (FLA) has called for Chancellor of the Exchequer Rishi Sunak to announce a Green Finance Wholesale Guarantee and reform corporation tax to make green investments more affordable.
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Opinion 3 AugCar retail ‘resilient’ after measured acceptance of Government support, opinion
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
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Opinion 10 JunHMRC has misfired on electric car VAT rules, opinion
Does HMRC’s new VAT policy on the costs of charging electric vehicles (EVs) stack up with the government’s wider environmental goals?
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Latest News 18 MayNFDA Northern Ireland launches to 'tackle issues' facing dealers
The National Franchised Dealers Association (NFDA) has launched a division in Northern Ireland to ‘outline dealers’ priorities’ and ‘tackle issues’ affecting them.
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Opinion 4 MayMotor dealerships need to plan now for Making Tax Digital, opinion
As we come out of the pandemic and motor retailers start to think about the road ahead, Making Tax Digital (MTD) should definitely be on your agenda.
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Market Insight 10 MarChancellor’s ‘super-deduction’ tax break to boost car dealership investment
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
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Market Insight 3 MarBudget 2021: business support continues, but corporation tax rises incoming
Chancellor of the Exchequer Rishi Sunak has pledged to continue to support businesses and jobs in a “fair and honest” 2021 Budget, but corporation tax rises are on the horizon.
