Chancellor of the Exchequer Rishi Sunak has pledged to continue to support businesses and jobs in a “fair and honest” 2021 Budget, but corporation tax rises are on the horizon.
HMRC has opened its claims period for the newly-extended Coronavirus Job Retention Scheme (CJRS) as officials “grapple with its regulatory control” to prevent erroneous and fraudulent claims.
Chancellor of the Exchequer Rishi Sunak has extended the Government’s Job Support Scheme (JSS) to the end of March.
Chancellor of the Exchequer Rishi Sunak has broadened the scope of the Government’s COVID-19 fiscal support to businesses in the face of more wide-spread regional lockdowns.
The Society of Motor Manufacturers and Traders (SMMT) has said that a 'no-deal Brexit' would trigger a £2,800 uplift in electric vehicle (EV) prices and jeopardise the growing interest in green new cars.
The National Franchised Dealers Association (NFDA) has re-opened its Electric Vehicle Approved (EVA) scheme in an effort to help car retailers improve their expertise with zero emissions cars.
The National Franchised Dealers Association (NFDA) has welcomed a “Skills Speech” by Prime Minister Boris Johnson, expressing hope that it may indicate a move towards jobs generating reforms.
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
The HMRC has updated its guidance on how to perform usual hours calculations where employees come off furlough partway through a claim period.
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
Ford of Britain chairman and managing director Andy Barratt has called for the UK Government to appoint a Minister for Electrification to “kick-start” and coordinate a comprehensive electric vehicle (EV) strategy.
The National Body Repair Association (NBRA) has called on Government to extend the Coronavirus Job Retention Scheme (CJRS).
Apprenticeship recruitment in the automotive sector has fallen by 75% in June 2020, compared to 2019, new data from the Department for Education has revealed.
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
Car dealers are among businesses across the UK who have been told that they must pay back any overclaimed funds from Government’s coronavirus job retention scheme (CJRS) – deleting any online claims made in error within 72 hours.
As the motor retail sector emerges nervously from lockdown, dealers are reporting that the shift towards a digitally-led sales model for new and used cars is progressing far more quickly than many might have imagined even just a few months ago.
