Keep up to date with the latest news from the BVRLA. You can browse our complete collection of articles below.
The FCA has written to the CEO’s of regulated firms who offer motor finance highlighting what they consider to be the key risks motor finance providers could pose to their customers and markets in which they operate.
The BVRLA has responded to the Financial Conduct Authority’s consultation which sets outs its plans to update the commission disclosure rules banning discretionary commission arrangements for credit sale products.
HMRC has provided further guidance on its new VAT accounting rules, which deal with situations where the amount paid changes after VAT has been accounted for.
The BVRLA has produced a suite of training and guidance to help members build knowledge amongst staff who need to know more about the Senior Managers and Certification Regime (SM&CR).
January sees the first popular BVRLA Fair Wear & Tear course of the new year, the first of six running throughout 2020.
The BVRLA will be monitoring compliance with the Senior Managers and Certification Regime (SM&CR) as part of its audit programme from January 2020, now that the regime has come into effect.
There is now less than a week until the implementation of the Senior Managers and Certification Regime (SM&CR) on the 9 December.
As 2019 ends, the 2020 schedule for member audits is well under way. For members who have not had a visit this year, expect to hear from BVRLA’s Compliance Team shortly with details of your 2020 visit.
Over 54% of Leasing Brokers firms audited in the BVRLA’s 2019 programme so far were identified as having gaps in the training their staff had undertaken.
The latest BVRLA leasing broker figures show the number of vehicles on contract to be up 12% year-on-year with the total number of contracts at the end of June 2019 being 338,111, up 35,699 compared to the same period last year.
The H1 2019 BVRLA leasing broker statistics shows a growth of 12% compared to H1 2018 and a 2% growth of H2 2018. The growth is almost entirely due to growth in personal contract hire (PCH) for cars (+23%) and business contract hire (BCH) for vans +(16%)