Having consulted with a number of regional and national automotive retail groups over the last 12 months, the overwhelming feedback we are receiving is that whilst their finance teams believe they have implemented and are operating HMRC’s car averaging rules correctly, they are at best uncertain.
The number of company cars in the UK has remained at the same level for the past two years.
Talking to finance directors it is of significant concern that should their company be named and shamed their position in the company may be at risk.
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
The HM Revenue and Customs' (HMRC) willingness to challenge sales values used in VAT calculations has been highlighted in a VAT appeal judgement, according to ASE.
