A used car dealer who pocketed £1.1m in tax he should have paid for profits from his business, escaped a potential eight years in jail with 300 hours of unpaid work and a curfew.
Tax reforms aiming to bring the self-employed in-line with full-time employees and renewed investment roads infrastructure have been announced in the Spring Budget 2017.
March is set to "dominate" 2017 in new car sales terms as a growing trend for record monthly sales comes to a head, according to analysis by automotive data experts Cap HPI.
The forthcoming budget is likely to see major changes to the ability of dealers to sell vehicles to disabled customers VAT-free.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment can lead to assessments for underpaid VAT and the threat of penalties and interest.
The SMMT has praised the government’s drive towards improved transport infrastructure and innovation in the EV sector following yesterday’s Autumn Statement as others eyed opportunity amid the uncertainty.
Chancellor Phillip Hammond vowed to create “an economy that works for everyone” before announcing a rise in the minimum wage and cuts to salary sacrifice schemes in his Autumn Statement.
RSM, the audit, tax and consulting firm, has expanded its motor specialist team with the appointed of Alison Ashley as a partner.
Activity relating to the VAT treatment of dealer deposits and a possibility some dealers have declared too much VAT has led HMRC to review dealer incentives.
Fears are mounting that diesel could be hit with tax rises in the chancellor’s Autumn Statement as the Government reacts to the Volkswagen diesel crisis.
Taxpayers who own Volkswagen Group cars will not incur higher VED if they are are found to be fitted with illegal software that manipulates emissions.
A second-hand car dealer from who traded millions of pounds worth of cars for at least 14 years but kept no records and paid no tax has been jailed.
The employment tax rules are being significantly changed from April 2016
The UK’s Supreme Court has ruled that a KPMG scheme to enable dealer group Pendragon to recover VAT on demonstrator cars sold as used cars was “abusive”.
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
Three new VED bands should be introduced to reflect the most efficient cars, while a new emissions tax should be introduced for vans.
The Government has announced a reduction in the beneficial interest loan rate from 3.25% to 3% from April 6.
