ASE’s tax director Michelle Malone said: “The N & M Walkingshaw case considered whether prior to 1992 an over allowance on a part exchange vehicle could be treated as a discount on the sale of the new vehicle. This would have led to a reduction in the amount of VAT that had to be declared
Log in to read the rest of this article
The HM Revenue and Customs’ (HMRC) willingness to challenge sales values used in VAT calculations has been highlighted in a VAT appeal judgement, according to ASE.
From Fleet News – Advisory Fuel Rates fail to reflect real world costs
by Gareth Roberts, Fleet News Advisory fuel rates (AFRs) fail to reflect the real-world cost to diesel and some petrol company car drivers, according to data seen exclusively by Fleet News. Drivers of small-engined diesels are being hit hardest, suffering a shortfall of 10% – almost £150 for every 10,000 miles driven. The diesel rates
Log in to read the rest of this article