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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).

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%)

The BVRLA internal audit programme has reported that a significant number of Rental and Leasing Broker members are using the incorrect BVRLA logo on promotional material.

Steve Bloor, Technical Director at Consumer Credit Advisory Services, who delivers SM&CR training to BVRLA members, talks about the continuous journey of SM&CR that goes way beyond 9 December.

Members are being reminded to stock up on VE103B certificates as people who were putting off trips abroad due to Brexit uncertainty may now decide to resume travel plans.

The BVRLA will be holding a live webinar on Wednesday 20 November to highlight the key features and benefits of the association’s e-Learning Platform.