Legislation - Page 39

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Tax concern over replacement company car paperwork

HM Revenue & Customs (HMRC) has confirmed that it will still not accept the P46 (Car) form, which details replacement company car details.

12 Jul

Minister addresses auto industry's digital radio concerns

The Society of Motor Manufacturers and Traders (SMMT) has welcomed the publication of the Government's Digital Radio Action Plan.

9 Jul

Leasing costs may rise further following the VAT rise

Many fleets are facing further lease costs following the VAT rise. They are now liable for more VAT when leasing companies come to sell cars that are currently with fleets than they reclaimed when they first purchased them.

9 Jul

Lead-in times may scupper hopes of beating VAT rise

Fleets should think twice before trying to beat higher 20% VAT rate, which comes into force on January 4, 2011, by speeding up new vehicles ordering.

9 Jul

Employer provided company cars - changes from April 2011

HM Revenue & Customs (HMRC) announced last year that from April 2009 employers no longer had to submit form P46

24 Jun

Budget Speculation from LeasePlan UK

In the light of current economic uncertainty, this Budget has to balance the urgent need to reduce the deficit with adequate measures to sustain growth.

17 Jun

BVRLA urges Chancellor to abolish the tax disc

The BVRLA has advised Chancellor George Osborne to abolish the tax disc and allow the purchase of multi-year Vehicle Excise Duty.

16 Jun

BVRLA works to protect UK's VAT recovery

The Revenue men were in at BVRLA last month (May 28) to debate how to avoid having to fall in line with European regulations on company car benefit taxes.

14 Jun

Trading Standards’ investigation reveals part worn dangers

The high levels of risk associated with buying part worn tyres has been revealed by Birmingham City Council after its trading standards officers examined a selection of part worn tyres being sold in the city and found that nine out of ten failed to meet the minimum legal standards

8 Jun

Philip Hammond given top ministerial position at Department for Transport

Philip Hammond will effectively lead the country’s transport agenda after he was given the top ministerial position at the Department for Transport.

28 May

BLOG: Should leasing companies adjust their residual values for a possible future VAT increase to 20%?

When a vehicle leasing company purchases a vehicle they can recover the VAT, which currently sits at 17.5%. At the back end however, they also have to account for VAT when they dispose of their vehicles, so what’s going to happen if VAT moves to 20% or more?

27 May

Philip Hammond becomes new Transport Secretary

The former shadow treasury secretary and Conservative MP Philip Hammond has been appointed as the new transport secretary.

13 May

Tax ignorance will cost fleets

A poll of finance bosses has revealed that almost half don’t have a firm grasp of VAT-related company car costs.

29 Apr

Cybit launches new tax and expenses manager application

Cybit has launched a new Tax & Expense Manager module for its Fleetstar-Online fleet tracking and vehicle telematics solution.

28 Apr

Company has close shave with licence check

Transport businesses must take extra care that their systems for checking driving licences of people driving for work are “robust and enforced”.

27 Apr

Member States levy CO2-based taxation

An increasing number of Member States levy CO2-based taxation or incentivise electric vehicles.

22 Apr

Government urged to take long term view

Former Openreach senior fleet innovation and vehicle consultant Simon Tory has called on the next Government to take a long-term view on transport policy.

20 Apr

Drivers not getting enough tax advice

Three in every five drivers do not feel they are being given all the facts by their employer to help them save money when choosing a company vehicle.

15 Apr

HMRC rules out AFR rate rise

HMRC has ruled out any review of its advisory fuel rate (AFRs) before the scheduled June 1 review, despite soaring pump prices hitting a new record high.

14 Apr

43% of UK businesses need firmer grasp of vat-related company car costs

A poll of finance bosses, by YouGov for Lex Autolease, has revealed that almost half (43%) of UK firms don’t have a firm grasp of VAT-related company car costs.

13 Apr