THE BVRLA has strengthened its senior executive team with two new appointments. Harry Madan joins as head of compliance and governance (above, left), while Adam Forshaw (above, right) joins as head of communications. Madan may be be familiar to many leasing brokers, having previously worked for the Consumer Credit Advisory Services as a compliance consultant and auditor. Commenting on Madan’s appointment, Shashi…
Super Deduction Allowance – Time To Modernise Tax Incentives GOVERNMENT must modernise its approach to tax incentives. The brilliant 130% Super Deduction Allowance introduced to stimulate post-pandemic recovery – while useful for commercial vehicle and equipment acquisition – is at odds with the way most businesses acquire new vehicles: and that’s by leasing and short-term hire. So the BVRLA has written to…
THE Chancellor’s Super Deduction allowance, offering a 130% first year allowance for main pool expenditure incurred up to April 2023, needs to be rethought to include leasing. That’s the view of the the BVRLA and six other leading trade associations who have collectively written to the Chancellor, urging him to modernise the way Government uses tax incentives to drive business investment in…
The BVRLA is now taking pre-orders for the new version of the LCV Fair Wear & Tear Guide, due to be introduced on Friday 03 September. The deadline for orders of hard copy guides is 31 August, to ensure they can be posted by the launch date, as the new version will be dispatched on 02 September. Both digital and print editions…
Which way is leasing heading…apart from up? NEW data from the BVRLA reports that leasing is on the rise again. After 10 successive quarter falls, that is terrific news. But where will further growth come from? The attitude of many of the large leasecos contributing to the report is that personal contract hire is going to be the revenue generator at the expense…
BROKERS will face higher Financial Conduct Authority (FCA) fees from this month when invoices will start appearing from the regulatory body. In particular, the consumer credit fees for regulated business goes up to a minimum of £1151, while business principals with Appointed Representatives (ARs) will have to pay a much higher figure of £250 for each AR on their books. The changes…
THE BVRLA has launched what it calls a Van Plan to help operators move to zero emission vehicles and assist the government in understanding the assistance the commercial vehicle sector requires to meet its 2030 goal. The association points out that the van sector faces a series of unique issues in the to transition to zero emissions. These include: The cost and…
THE BVRLA and the Association of Fleet Professionals have joined forces to call upon the UK government to make sure the Advisory Electricity Rate (AER) for electric vehicles (EVs) is fit-for-purpose. Sharing concerns over the current 4p per mile rate, which has remained unchanged since 2018, the industry bodies say that this is no longer reflective of real-world conditions and recommends HMRC…