Our blog on the latest issues affecting the automotive sector
How can car dealerships be caught out by Construction Industry Scheme rules?
June 26, 2018
The Construction Industry Scheme (CIS) covers most construction work to buildings, including site preparation, decorating and refurbishment. Under the CIS rules there are definitions for ‘mainsteam contractors’ and ‘deemed contractors’. Mainstream contractors are generally builders, whilst deemed contractors could, in theory, be anyone.
Are your arrangements around the provision of fuel as robust and cost effective as they should be?
June 6, 2018
We are increasingly having discussions with our motor trade clients around the provision of fuel and the risks associated with fuel that is deemed by HMRC to have been used privately. For any company car, if the revenue deem that private fuel has also been made available they will look to impose a car fuel benefit.
Launch of pay-as-you-go car subscription services
May 24, 2018
Drover, an online car subscription service, has recently partnered with BMW to launch a package that rolls all the costs of car ownership into one monthly installment.
Investing in classic cars
May 15, 2018
The UK used car market remained strong in 2017, with a dip of only 1.1%, a slight fall on 2016’s record year. The attractions of a used car are clear but very few of these purchases will be with investment in mind. However, the investment returns on older cars can be spectacular.
May 9, 2018
The drop off in diesel car sales continues unabated with the SMMT reporting a 32% fall in the year to date figures from 2017 to 2018, with analysts opining that the underlying trend is probably even worse with April 2017 a particularly poor month due to registrations being accelerated into Q1 last year.
Q1 2018 appears to exceed expectation with positive signs heading into Q2
April 27, 2018
It is pleasing to hear in the majority of cases businesses have seen strong performance in Q1, in some cases out performing Q1 2017.
Brexit – taxes and the Worldwide Harmonised Light Vehicle Test Procedure
April 12, 2018
The Department of Transport consultation on using the CO2 Emissions data from the Worldwide Harmonised Light Vehicle Test Procedure (“WLTP”) from 6 April 2020 onwards closed last month.
2018 acquisition activity – what can we expect?
March 13, 2018
In the final blog of our series looking at transactional trends in the retail automotive sector, we share our predictions about what we expect to see happen during 2018.
Key factors affecting 2017 automotive activity
March 8, 2018
In the latest in our series of automotive transactional activity blogs, we look at the trends shaping 2017 activity in greater detail and share some of our prospects for 2018.