The mastermind behind a seven-strong gang who set up 90 bogus companies to steal more than £800,000 in a VAT and car finance fraud has been jailed for six years.
The UK Government has asserted that its new Windsor Framework to refine post-Brexit arrangements for Northern Ireland will “protect” the country’s second-hand car market.
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 Government is introducing a new second-hand motor vehicle export refund scheme, in October.
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
Does HMRC’s new VAT policy on the costs of charging electric vehicles (EVs) stack up with the government’s wider environmental goals?
The National Franchised Dealers Association (NFDA) has launched a division in Northern Ireland to ‘outline dealers’ priorities’ and ‘tackle issues’ affecting them.
The UK Government’s reinstatement of the VAT margin scheme for Northern Ireland’s used car retailers has “cut-off” a logical supply route to the Republic of Ireland.
A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
Ford retailers who are unable to find £750,000-per-dealership site to fund a post-Brexit change to the brand’s VAT invoicing regime could be forced out of business, it has been claimed.
The Society of Motor Manufacturers and Traders (SMMT) has expressed “bitter disappointment” over the omission of an automotive sector stimulus package in the Chancellor of the Exchequer’s ‘mini budget’.
Chancellor of the Exchequer Rishi Sunak put job retention and creation front and centre of his £30 billion COVID-19 “mini budget” – prioritising hospitality, tourism and housing with fiscal stimulation measures.
The Society of Motor Manufacturers and Traders (SMMT) has called on the Government to remove VAT from electric vehicles to boost sales after the UK’s new car sales volumes declined 2.9% in February.
The former owner of Bolton’s IGW car dealership group has won a £310,000 VAT battle with the HMRC from his jail cell while serving a life sentence for the 2011 murder of his wife.
For years there have been prophecies of doom for franchised new car dealers.
MHA MacIntyre Hudson’s Motor Specialist Team has seen a significant rise in HMRC enquiries at both franchised dealers and car supermarkets.
With the April 1 deadline for the introduction of the HMRC's Making Tax Digital (MTD) platform for VAT now upon us, Alison Horner, partner and head of VAT at MHA MacIntyre Hudson, gives her top tips on how to survive the new system.
The effect of changes announced by HMRC this week relating to how VAT applies to PCPs will be “limited” as long as sensible residual values are being set by finance companies, says Startline Motor Finance.
