Our blog on the latest issues affecting the automotive sector
Hybrids now excluded from 2040 ban
July 30, 2018
Despite a commitment made by the UK government last year to ban all new petrol and diesel cars by 2040, a concession has been made this month that hybrid cars will no longer be included in those plans. The government had previously pledged that hybrid vehicles would be part of the ban – which was seen as a heavy commitment to a clean air plan.
HMRC targeting the motor sector?
July 26, 2018
HMRC’s initial approach to these checks often appears to be increasingly now via a questionnaire followed by a telephone discussion, but they should not be underestimated and can be extremely costly if you do not have adequate policies and monitoring in place.
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.