LEASING brokers could be facing vehicle supply disruptions to new customers thanks to local lockdowns. The warning comes from Auto Retail Agenda, which said it had been told of several retailers closing due to COVID-19 outbreaks. This included several major retail groups among those affected. Editor Tristan Young said the magazine had picked up stories from Wakefield, which had seen the Evans…
THE Fleets in Charge virtual conference, organised by the BVRLA on 06 October, included a break out session on Motor Finance. Hosted by Amanda Brandon, BVRLA’s director of fleet services, the presenters were Joanne Davis, a co-founder and partner in Auxillias; Naveed Asif, consumer credit consultant at the Consumer Credit Advisory Services; and Adrian Dally, who is head of motor finance at…
TRANSPORT Secretary Grant Shapps said BVRLA members were fundamental to delivering zero emission transport to UK plc. Speaking at the BVRLA’s Fleets in Charge online conference today (06 Octrober 2020), Shapps said: “It’s fantastic that so many BVRLA members are making commitments to introduce zero-emission fleets ahead of the Government’s phase-out target. BVRLA members are fundamental to the transition to cleaner road…
THE Financial Conduct Authority (FCA) has provided an update regarding consumers struggling with Coronavirus repayment difficulties (30 September 2020). It announced that consumers could apply for a further three-month freeze up until 31 october 2020, if they continued to be in financial difficulty because of the coronavirus outbreak. The FCA told consumers: “Firms should not alter aspects of your Personal Contract Purchase…
THE BVRLA’s Fleets in Charge conference will include a break out session on motor finance. Taking place virtually on 06 October 2020, the conference – with its theme of decarbonisation – will be chaired by the global motor industry correspondent from the Financial Times, Peter Campbell. Key speaker will be Grant Shapps, Secretary of State for Transport, while Natasha Robinson, the joint…
BVRLA Leasing Broker Committee member, Paul Parkinson, took part on a panel of guest speakers for the latest BVRLA Industry Outlook Webinar (17 September 2020). Hosted by the BVRLA’s director of corporate affairs, Toby Poston, other panel participants included Miguel Cabaca (Arval UK), Ed Hummel (Autotrader) and Margaret Speirs (Arnold Clark Car & Van Rental). Parkinson, the CEO and founder of Synergy…
FOLLOWING the HMRC v Coca-Cola case over the definition of Combi or Double Cab vans for benefit-in-kind purposes, which the HMRC won, the BVRLA has released a guidance note to assist members. Written in conjunction with HMRC, the guidance reflects the current position on Combi van, but the BVRLA warns may be subject to change if there are appeals in ongoing cases…
THE BVRLA is advising members to consult an HMRC paper on the VAT treatment of early termination fees. Following a recent judgement in the Court of Justice of the European Union, VAT is now liable. “Most early termination and cancellation fees are therefore liable for VAT. This is the case even if they are described as compensation or damages,” says the HMRC.…