Don't forget about tax while you're busy selling cars

By Michelle Malone, ASE

The tax framework within which the motor industry operates continues to evolve, not only in line with HMRC developments but also to reflect changes in the way we operate within the motor retail sector. Accordingly, it can make it difficult to know whether you are adhering to best practice from a tax perspective and you can often find yourself uncertain as to whether you are understating or overstating your tax liabilities. Knowing what is best tax practice is no less important to you than understanding key industry ratios. 

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