Our blog on the latest issues affecting the automotive sector
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.
Are you making the most of enquiry management?
September 7, 2017
For any business that is suffering from the pressure of not being able to hit volume targets, we would always recommend that management carry out their own deep dive review of activity levels in this critical area.
The rise of the electric car
August 25, 2017
Last year a spokesman for the UK Government said that it was committed to “ensuring almost every car and van is a zero emission vehicle by 2050”. Only a few days ago Environment Secretary Michael Gove stated that he intended that no new petrol or diesel cars should be sold in the UK after 2040... So what does this mean for the future of fossil fuels and the motor industry?
Is hydrogen the fuel of the future?
August 23, 2017
The most plentiful element in the known universe is hydrogen. Surely this must appeal to the industry as one of the number one fuel options for the future?
UHY advise on new sponsored dealer scheme which is set to change the shape of the industry
August 14, 2017
A multi-million pound private investment fund has been created by a consortium of experienced automotive investors to change the shape of the automotive industry, allowing high calibre entrepreneurs the opportunity to acquire their own dealership(s).