AM100 dealership group Hendy is advising local businesses and fleet operators considering buying or leasing a double-cab pick-up to act swiftly before a substantial increase in Benefit-In-Kind (BIK) charges takes effect on 6 April.
More than a third of motorists would be encouraged to replace their current petrol or diesel vehicle with an electric vehicle if the Insurance Premium Tax was ditched, according to new research.
Chancellor Rachel Reeves’ first Budget represents a significant shift in fiscal policy, addressing the UK’s considerable funding gap with £40 billion in new tax rises alongside targeted spending cuts.
Radical tax reform is not needed to support the UK's transition to electric vehicles (EVs), according to a new report by the non-governmental organisation New AutoMotive.
HM Revenue and Customs has now publicly identified five firms or individuals involved in vehicle sales or repair this year that it has branded "deliberate tax defaulters".
UK independent dealer Glyn Hopkin Group has been sold to an Employee Ownership Trust (EOT).
Shoreham Vehicle Auctions (SVA) has called for key industry stakeholders to work closely with the tax office to shape new legislation on double cab pick ups.
Consumers who have witnessed new and used cars become significantly more expensive since 2020 are unlikely to beat a path to dealerships as a result of the National Insurance cut in Jeremy Hunt's 2024 Spring Budget.
The absence of any measures in the Spring Budget targeted at jumpstarting market demand for EVs has been widely condemned as a missed opportunity.
Industry is calling for the Chancellor to use next week’s Budget to feature fairer taxes to help accelerate the uptake of electric vehicles
The Government has changed its mind about how it taxes double cab pick-up trucks, a week after it said that from July 1, 2024, these trucks would be treated like cars for tax purposes.
The HMRC’s updated tax guidance that will categorise double cab pick-ups as company cars rather than vans from July will risk impacting their forecourt appeal.
A think tank has proposed the UK Government should introduce ’pay-as-you-drive’ tax for electric vehicles (EVs) to replace lost revenues from fuel duty and VED.
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
The Chancellor of the Exchequer Jeremy Hunt has frozen fuel duty, boosted repairs to pothole damaged roads and targeted solutions to recruitment issues in his Budget statement.
HMRC has is introducing a new VAT return scheme for dealers that buy cars in Great Britain and plan to resell them in Northern Ireland or the EU.
The car retail sector’s vehicle supply issues look set to be compounded by a cost-of-motoring crisis and growing moves to discourage car usage across the UK.
Car retailers have been the target of a “veiled threat” from an overstretched HMRC after the Government body identified the sector as a VAT risk area, MHA has revealed.
Car retailers have been told that the “clock is ticking” on tax incentives for business customers switching to electric vehicles (EV).
The Chancellor of the Exchequer Kwasi Kwarteng has announced £45 billion of tax cuts in a ‘mini’ budget set to cost the exchequer around £100bn.
