VAT
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Opinion 11 DecEVs: the challenge and opportunity for car dealers, guest opinion
For years there have been prophecies of doom for franchised new car dealers.
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Opinion 27 SepThe E-sig problem: HMRC’s latest attack on car dealers, guest opinion
MHA MacIntyre Hudson’s Motor Specialist Team has seen a significant rise in HMRC enquiries at both franchised dealers and car supermarkets.
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Opinion 29 MarHMRC Making Tax Digital: A survival guide
With the April 1 deadline for the introduction of the HMRC's Making Tax Digital (MTD) platform for VAT now upon us, Alison Horner, partner and head of VAT at MHA MacIntyre Hudson, gives her top tips on how to survive the new system.
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Latest News 6 MarEffect of HMRC PCP changes will be ‘limited’ with sensible residual values, says Startline
The effect of changes announced by HMRC this week relating to how VAT applies to PCPs will be “limited” as long as sensible residual values are being set by finance companies, says Startline Motor Finance.
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Finance 1 MarHMRC's PCP car finance VAT changes could lead to PCH dominance
The HMRC has announced a policy change in the VAT treatment of PCP vehicle sales which is likely to have a major impact on the future of the car retail market.
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Finance 18 JulHMRC gives clear message of VAT treatment of car dealer deposit contributions
HM Revenue & Customs (HMRC) decides dealer deposit contributions are not subject to VAT and invites claims to recover overpaid output tax.
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Opinion 30 MaySome uplifting news on VAT clawback - guest opinion
Gerry Myton, head of VAT at Harwood Hutton, shares some taxation advice for dealers
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Market Insight 2 Nov
Court ruling may end dealers' hopes of compound interest on overpaid VAT, says ASE
Dealers hopes for another VAT windfall have been dashed. The Supreme Court yesterday overturned earlier positive court decisions in relation to Littlewoods’ claim for compound interest on overpaid VAT.
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Car Dealer News 8 SepJailed luxury car dealer ordered to repay £2m to HMRC
A Luxury car dealer has been ordered to pay back £2 million to the HMRC or face a further decade behind bars for his VAT fraud offences.
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Market Insight 31 Mar
Dealers urged to be aware of new VAT guidelines on adapted vehicles for disabled customers
Dealers are being urged to ensure staff involved in the sale of adapted vehicles for disabled customers are aware of new VAT guidelines.
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Latest News 10 Mar
Used car dealer tax avoids jail over £1.1m unpaid taxes
A used car dealer who pocketed £1.1m in tax he should have paid for profits from his business, escaped a potential eight years in jail with 300 hours of unpaid work and a curfew.
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Opinion 1 Mar
Guest opinion: Changes to disabled modified car sales may be ‘open to legal challenge’
The forthcoming budget is likely to see major changes to the ability of dealers to sell vehicles to disabled customers VAT-free.
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Opinion 20 FebGuest opinion: The hidden risk of VAT - is the motor industry compliant?
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
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Opinion 23 Jan
Guest opinion: How to survive amid changing VAT compliance rules
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment can lead to assessments for underpaid VAT and the threat of penalties and interest.
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Market Insight 12 JanBDO invites dealers to webinar on VAT risks and changes
Accountancy and business advisory firm BDO is hosting a webinar for motor retailers on VAT matters.
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Car Dealer News 31 OctSuspended sentence and £113,000 bill for tax-evading car dealer
A car dealer from Bury has been handed a 22-month suspended jail sentence after failing to declare his true income or register his business for VAT.
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Opinion 15 MarGuest opinion: the impact on dealers of the rise in insurance premiums
The proposed legislation specifically distinguishes repair works when they are performed under a contract of insurance.
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Market Insight 9 DecHMRC puts dealer incentives under the VAT spotlight
Activity relating to the VAT treatment of dealer deposits and a possibility some dealers have declared too much VAT has led HMRC to review dealer incentives.
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Car Dealer News 29 JunSupreme Court says Pendragon's dealerships accountable after finding demonstrator VAT scheme was "abusive" of the law
The UK’s Supreme Court has ruled that a KPMG scheme to enable dealer group Pendragon to recover VAT on demonstrator cars sold as used cars was “abusive”.
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Finance 26 May
Positive news for VAT refunds on demonstrators, according to ASE
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
