Our blog on the latest issues affecting the automotive sector
The continuing squeeze on company car drivers
January 15, 2018
According to the Office for National Statistics (ONS) there has been a gradual decline in the number of company car drivers over recent years. In 2007/08 there were around 1.07 million drivers – which had reduced to approximately 960,000 by 2015/16.
SMMT reports on 2017 and looks forward to the year ahead
January 5, 2018
Diesel car sales fell rapidly in December, following the November announcement of an April 2018 tax increase for cars that don’t meet strict emissions standards. The decline in diesel registrations is obviously a large contributing factor to the year’s decline in new registrations.
Which method of automotive finance is best?
December 20, 2017
According to the Society of Motor Manufacturers and Traders, about 80 per cent of new cars in the UK are now sold on PCP contracts
Does Budget 2017 signal a definitive move against diesel cars?
December 15, 2017
The automotive sector did get a few mentions, including the continual demonising of diesel cars, when only 15 to 20 years ago they were heralded...
Car production increases but demand continues to fall
December 5, 2017
Latest figures released by SMMT at the end of November show car production increased last month as rising exports made up for a fall in demand in the UK.
Employee car ownership schemes
November 21, 2017
With the Budget due tomorrow, my mind turns towards the taxation arena and in particular whether there will be any changes impacting on the benefit in kind associated with company cars.
As the squeeze starts, will the internationals continue hunting UK automotive businesses?
October 24, 2017
Over the past 12 months we have seen a significant increase in the number of international businesses circling the UK, with the sole objective of acquiring a motor business.
Toxic diesels under fire
October 20, 2017
It would appear that diesel cars are definitely out of vogue in the UK car market, and industry analysis would suggest this is only going to continue.
On the Anniversary of Samuel Johnson’s 308th birthday
September 18, 2017
Samuel Johnson compiled the first dictionary of the English language back in 1755. Whilst the definitions produced would not have included some that we work with within tax today, definitions and interpretations are everything, because based on these, the tax treatment follows.