Tag Archives: tax

Chancellor of the Exchequer Jeremy Hunt has revealed a raft of measures in the autumn statement in order to raise £55bn in higher taxes and spending cuts. The move to introduce tax on electric vehicles from April 2025 came in for criticism as the motor sector gears up to increase EV sales in the lead up to the banning of ...

MHA Macintyre Hudson has published an end of year tax planning guide which is available free to dealers. The guide is for individuals and companies and summarises some key tax and financial planning tips. “As we approach the end of the tax year, now is the time to review your tax affairs to ensure that you have taken advantage of ...

Tax payments or advantages at the point of purchase have been recommended by the International Council on Clean Transportation, in a new report, as a way to decrease transport emissions. These savings, it says, have a stronger influence on consumer choice than annual tax payments. The report reads: “In Norway and the Netherlands, private buyers of low-emission cars benefit from ...

Most motorists are unaware of changes to the way VED is charged from 1 April, according to research by Carbuyer. According to an online poll 86% of potential car buyers are unaware of changes to the VED regime which will see the removal of exemption from all vehicles except for those with zero emissions. Under the new rules all new ...

Dealers could see an increase in demand for diesel-engined company cars in the run up to April 2016 after which more favourable personal tax rules come into place. However, the changes could hinder EV sales with the removal of tax exemption for zero emission cars.

HMRC will target the motor trade as part of a national programme to clam down on tax evasion. It confirmed it has set up a taskforce, made up of tax inspectors with specialist VAT and PAYE knowledge, to target evasion in the motor trade, the rag trade and markets and has already received tip-offs which it will investigat

Dealers should consider putting off the sale of new cars until the lower rate of VAT comes into force next week.

Around nine million motorists will pay more road tax under the recent changes to vehicle excise duty, the government has admitted.

Car dealers have escaped a bill running into hundreds of millions of pounds following the outcome of an important VAT tribunal.

The cost to business of new regulation since 1998 has risen to nearly £66bn since Labour came to power a decade ago.