Keep up to date with the latest news from the BVRLA. You can browse our complete collection of articles below.
The BVRLA has written to Chancellor Sajid Javid asking him to prioritise fleets within his autumn 2019 Budget statement.
HMRC has published advice for businesses on how to treat personal contract purchases (PCP) and similar contracts, following the European Court of Justice (CJEU) decision on Mercedes Benz Financial Services (MBFS).
The BVRLA has written to HM Treasury to recommend that UK firms leasing cars should be able to lawfully and fairly reclaim 60% of the VAT paid on the finance element of the hire or lease payments.
Businesses purchasing cars will need to check the status of their vehicles against guidance issued by HM Revenue and Customs (HMRC) to clarify the VAT treatment of car-derived vans.
Since VAT was introduced in the UK, special rules have applied to business cars. Major changes were implemented with effect from 1 August 1995 that allowed vehicle leasing companies to recover input VAT in full on the purchase of their cars for business purposes, subject to the normal rules.
The government has published a ‘partnership pack’ providing a high-level guide to customs processes and procedures that are likely to apply in a ‘no deal’ scenario.