Tag: HMRC

car mechanics

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.

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

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car mechanics

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

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