I wouldn’t want to be a product planner in 2024, said SMMT chief executive Mike Hawes in a new year briefing on what 2024 has in store for the UK automotive industry. The roll-out of the ZEV Mandate...

Leasys, Stellantis’s multi-make leasing business, is set to compete with retailers as it enters the used car market. Under the used car leasing operation, Leasys will not only offer cars that it has...

From the 1 May 2023, HMRC will introduce the new second-hand motor vehicle payment scheme which will be available where a UK VAT registered business moves a second-hand vehicle purchased in Great...

As motor retailers try and predict what will happen to the market over the coming months, they also need to be mindful of what the Chancellor has previously announced as well as what may result from...

Over the past few months, we have witnessed a targeted VAT campaign by HMRC in the motor retail sector. HMRC is concerned about differences in the reported values of vehicle sales within the...

CARZAM GOES BUST PENDRAGON FACES AGM PAY SHOWDOWN YEOMANS ACQUIRES NISSAN’S OLDEST UK RETAILER CAFFYNS TO HONOUR 1981 MGB FREE SERVICE FORD TO REWORK RETAILERS WITH “BRUTAL” STANDARDS...

NORTON WAY PROFIT UP DURING COVID DEMAND BOOMS FOR RETAIL SITES GINETTA CARS HEAD OF SALES MOVES TO CAZOO INCHCAPE’S HUNTERS JLR GETS PLANNING PERMISSION KPMG WARNS OF 30% USED CAR PRICE PLUNGE WHAT...

Rishi Sunak has delivered his much-anticipated Budget with a clear focus on continuing support “to see us through”, repairing the damage caused by the pandemic and building a strong economy. For...

Used car prices in Northern Ireland have been saved from a post-Brexit VAT-related costs-hike after HMRC and the Treasury agreed to reinstate a margin scheme. The move comes after lobbying from the...

Retailers in Northern Ireland are warning car buyers face price rises due to post-Brexit changes to VAT and customs red tape on movements between England and Northern Ireland. The biggest hurdle is...

The distribution model for cars in the UK needs to change, and it needs to change quickly, with manufacturers moving to a hub and satellite dealership strategy. So says TW White and Sons managing...

  NO AUSTERITY BUT NO VAT RATE CUT UK ‘CHAPTER 11’ BECOMES LAW DELAY HARMS SCOTTISH RETAILERS VW LOOKS TO BUY EUROPCAR AUTO TRADER TO WORK WITH EBBON-DACS FRENCH CAR SALES RECOVER INCHCAPE...

It’s been a fortnight now since the enforced COVID19 restrictions came into force and we don’t need to tell you about the issues everyone is facing at the moment, but we wanted to outline some...

For years there have been prophecies of doom for franchised new car retailers. Many predicted that the internet would create routes to market that would cut out the need for the dealer altogether. But...

A wide range of topical tax matters are currently affecting retailers, not least of which come from HMRC’s VAT enquiries which are putting dealers under fire. Indeed, there has been a marked...

Following its decision to withdraw its appeal following the decision of the European Court of Justice in HMRC versus Mercedes Benz Financial Services in October 2017, HMRC has published advice to the...

There are many cases of dealers having accounted for too much VAT by including dealer deposit contributions (DDC) in the value of a sale. This has been especially prevalent with certain brands where...

With VAT representing such a large proportion of UK tax revenue, it’s no surprise that HMRC should be focusing on it more closely, and the motor retail sector in particular is coming under scrutiny....

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...

New car sales in Europe continue to rise, with the latest indications that the EU28 will end 2016 with total car sales of 14.9 million units, which is just 4.3% lower than the pre-crisis peak of 2007....