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VAT Update – Northern Ireland

22-01-2021

In order to assist motor dealers in Northern Ireland, HMRC held a webinar on 21st January to provide an update and answer queries concerning motor vehicles sourced in Great Britain that are classed as “margin scheme” vehicles. The update stated that the treatment of cars sourced in GB, delivered to a dealer in NI, and ultimately sold to…

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Sales of Second Hand Cars – Northern Ireland

15-01-2021

One of the most unusual and commercially difficult outcomes to understand post Brexit was the rule that required VAT to be charged upon second hand cars bought in the UK and transferred to Northern Ireland. The principal led to the decision by auction houses and others to stop selling used cars to traders in Northern Ireland on the basis that once…

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Coronavirus Job Retention Scheme (CJRS) Update

05-01-2021

On 4th January 2021, the Government announce a lockdown that will effectively return England, and under the governance of other delegated authorities, Northern Ireland, Wales and Scotland to conditions that were in place in March 2020. To complement the lockdown announcement, HMRC announced measures to support business and protect jobs on 5th January…

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Coronavirus Job Retention Scheme (CJRS) Update

18-12-2020

In the most recent announcements concerning CJRS, HMRC have announced two important updates; The scheme will be extended to the end of April 2021 allowing final claims to be made for April 2021 by 14 May 2021  The value of the CJRS benefit will remain at 80% of usual wages for the hours not worked In addition, the announcements advised businesses…

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Brexit Update – VAT

04-12-2020

The most pressing question being asked at present is what Brexit means in terms of VAT. There are no certainties but the following is a short summary of what is understood at present. Background VAT was harmonised within the EU in order to reduce the distortion caused by imports and exports that would otherwise give a competitive advantage to a member…

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Coronavirus Guidance Update

03-12-2020

HMRC made a rather innocuous yet significant announcement on 1st December concerning the Coronavirus Job Retention Scheme. The link is set out below; Check if your employer can use the Coronavirus Job Retention Scheme On page 7 under the heading “Holiday Pay”, HMRC have made two new announcements; Employees can only be put on furlough if…

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Urgent reminder – apply for your EORI number now

19-11-2020

From 1 January 2021 if you move goods between Great Britain and the EU you will need an EORI number beginning with the prefix GB to quote to the authorities.  The application process is quick and easy and full details can be found here https://www.gov.uk/eori If you’re not sure if you already have a number or if you don’t know if your…

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Making Tax Digital (“MTD”) – Corporation Tax

13-11-2020

On 12 November 2020, HMRC published a consultation concerning the introduction of MTD in relation to Corporation Tax. For those of you who wish to read the consultation document and even go so far as to take part in the consultation, the link is noted below. Making Tax Digital for Corporation Tax For those of you who would be more content with a summary,…

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Coronavirus Update –Coronavirus Job Retention Scheme (CJRS) claim period now open

11-11-2020

HMRC, as advertised, released detailed information of the “extension to the extended CJRS” in time for the first claims to be made at 8am on 11 November 2020. The documents published do not contain any “news” as such but they do set out the details along with examples for businesses to follow. The link to each of the publications…

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England Lockdown 5th November 2020 – What did dealerships learn from the First National Lockdown 23rd March 2020?

06-11-2020

During the First National Lockdown ASE Professional Services carried out a survey of nearly 200 dealerships asking them a range of questions about their experiences. Given the imposition of a second lockdown in England and similar limited lockdowns in Scotland, Wales and Northern Ireland, it may be helpful to refresh dealerships with what was highlighted…

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Coronavirus Update – Furlough Scheme Extension “Extended”

05-11-2020

Coronavirus Update – Furlough Scheme Extension “Extended” On Saturday, the Government, having already announced a lockdown that will affect England from 5th November until December, extended and amended the Coronavirus Job Retention Scheme (“CJRS”) (“furlough”). The key announcements were; The CJRS is extended…

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Coronavirus Update – Furlough Scheme Extended

02-11-2020

On Saturday, the Government, having already announced a lockdown that will affect England from 5th November until December, announced further economic measures to support the UK economy and to try to help employers retain staff. Ordinarily, from 1 November the Job Support Scheme (“JSS”) would have been introduced. However, because of the…

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ASE Automotive Solutions Completes Global EV Study with Alliance Manchester Business School

27-10-2020

ASE Automotive Solutions participates in AMBS programme for the third year receiving strategic recommendations on electric vehicle go-to-market plans Manchester, 27th October 2020 – ASE Automotive Solutions, the automotive industry’s trusted advisor, today announced it has participated in the Alliance Manchester Business School (AMBS) programme…

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Coronavirus Update- Job Support Scheme (JSS) – JSS Closed and JSS Open

23-10-2020

In our blog yesterday, we referred you to a recent announcement by HMRC of the JSS that is to take effect from 1 November. The essence of the scheme is that it offers a business support (for up to 6 months) to meet the cost of employee wages and costs where the business has been instructed to close and cease work by one or more of the four governments…

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ASE Automotive Solutions Opens Australian Office and Appoints Local Automotive Expert, Steve McEwan, Country Lead

21-10-2020

Continuing global expansion ASE Automotive Solutions plans to grow local presence to help National Sales Companies and Dealers improve profitability Manchester, October 19th 2020 – ASE Automotive Solutions, the automotive industry’s trusted advisor, today announced the opening of its Australian Office in Sydney, as part of its on-going…

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Coronavirus Update – Job Support Scheme (JSS)

21-10-2020

HMRC recently announced a JSS to take effect from 1 November that, when they announced it, most of the population took little notice in the hope that the support would not be required. Unfortunately, the scheme is now required. The link to the scheme is set out below; 20201009_JSSC_Factsheet_FINAL_EG_1516_002_ The essence of the scheme is that it offers…

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Further support offered to employers affected by Coronavirus restrictions

09-10-2020

Further support offered to employers affected by Coronavirus restrictions The Chancellor has announced an expansion of the Job Support Scheme to assist businesses forced to shut by law due to Covid 19 restrictions.  The new rules take effect for a period of six months from 1 November and the scheme will meet two thirds of the cost of wages for…

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The impact of Brexit upon Ford Dealerships

07-10-2020

The impact of Brexit upon Ford Dealerships Alongside a very positive set of numbers and upbeat report to the markets for the six months to 31 August 2020, (“we did the basics well …reporting an outstanding performance post lockdown”), Robert Forrester, CEO of Vertu Motors also highlighted an interesting real life Brexit issue in…

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Coronavirus update Job Retention Bonus October 2020

05-10-2020

Coronavirus update Job Retention Bonus October 2020 HMRC issued a further announcement with regard to the job retention Bonus on 2 October 2020. The link to the announcement is set out below; Check if you can claim the Job Retention Bonus from 15 February 2021 The Bonus is payable to employers who have furloughed staff under the Coronavirus Job Retention…

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ASE Automotive Solutions Secures Global Consultancy Agreement with Jaguar Land Rover

01-10-2020

The automotive advisor’s business management solution will support Jaguar Land Rover global transformation programme   October 1st, 2020, Manchester, UK – ASE Automotive Solutions, the market leading provider of composite and consulting services to the automotive industry, has secured its largest international agreement with Jaguar…

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ASE Automotive Solutions Takes Over US Operation

25-09-2020

ASE Automotive Solutions looks to grow its global presence and respond to customer demand for its expert services Manchester, 25 September 2020 – ASE Automotive Solutions, the automotive industry’s trusted advisor, today announced it has completed the acquisition of the minority interest in its US operations of its previous joint venture…

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Automotive Retail Update 24th of September

24-09-2020

ASE Global Announces Covid-19 operational update from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 24th of September.

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Chancellor Announcement

24-09-2020

24 September 2020 - Chancellor Announcement The Chancellor has made further announcements to support jobs and business during the COVID crisis. These plans are set out in the links below. Winter Economy Plan Job Support Scheme The most important announcement made concerns the replacement of the Furlough scheme by a new “Job Support Scheme”.…

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Coronavirus Guidance Update

03-08-2020

Coronavirus Guidance 3rd August 2020 The Government announced details of the Job Retention Bonus (“JRB”). The details are set out in the links below. Further details of the Job Retention Bonus announced Job Retention Bonus The principals underpinning the JRB are as follows; The bonus is payable after a claimant files their January…

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Coronavirus Guidance Update

29-07-2020

Coronavirus Guidance 29th July 2020 HMRC updated its Coronavirus guidance yesterday. There were many minor amendments but two updates were of particular interest. The first document relates to remedying errors – see link – If you have claimed too much or not enough from the Coronavirus Job Retention Scheme It comments: If you’ve claimed…

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Summer Economic Update 2020

10-07-2020

Summer Economic Update 2020 We have pleasure in updating our summary of the policies announced in the Chancellor’s Summer Economic Update this week.   Although Rishi Sunak did not introduce anything specifically aimed at helping the motor industry, some of the general measures will undoubtedly be of benefit.  We would like to draw your…

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Coronavirus Guidance Update

09-07-2020

Coronavirus Guidance Update 9th July 2020 The Chancellor, Rishi Sunak MP, announced at lunchtime yesterday a series of measures that he hoped might offer the UK economy a blueprint for employment – “A Plan for Jobs” – in order to preserve the productive capacity of the UK economy. The Plan for Jobs is set out in a consultative…

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June Market Commentary

06-07-2020

June Market Commentary The June registrations are released this morning. Please find below market commentary from our Chairman Mike Jones.  The overall fall in registrations in June of 35% is a strong performance, given that showrooms were only allowed to reopen at the start of the month. The retail drop, at 19%, shows that customer demand was…

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Coronavirus Update 1st July 2020

01-07-2020

Coronavirus Update 1st July 2020   HMRC have republished all of its Job Retention Scheme guidance this morning. The links are noted below. “Changes to the Coronavirus Job Retention Scheme” “Check if your employer can use the Coronavirus Job Retention Scheme” "Check if you can claim for your employees' wages through the…

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Guidance on insolvency moratorium process

26-06-2020

Government issues detailed guidance on insolvency moratorium process The government has today provided detailed guidance for the UK’s version of the Chapter 11 process we have seen utilised extensively in the USA by companies such as General Motors to buy time whilst a company in financial difficulty agrees on a restructuring deal. The Bill received…

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ASE Coronavirus Guidance 18th June 2020

18-06-2020

Coronavirus Guidance 18th June 2020 HMRC have reminded us all that the VAT payment deferral period ends on 30 June 2020. The link is noted below. Deferral of VAT payments due to coronavirus (COVID-19) Accordingly, you should take steps to set-up canceled direct debits in enough time for HMRC to take payment for VAT payments due after this date. This…

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ASE Coronavirus Guidance 15th June 2020

15-06-2020

Coronavirus Guidance 15th June 2020 After the 5pm watershed on Friday 12th June, HMRC published a raft of information about the Covidvirus Job Retention Scheme. For completeness, the publications updated or newly issued by HMRC are set out below. At the beginning of the lockdown there was sense that most of what was being published was made up as it…

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Automotive Retail Update 12th of June

12-06-2020

ASE Global Announces Covid-19 operational update from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 12th of June.

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Automotive Retail Update 5th of June

05-06-2020

ASE Global Announces Covid-19 operational update from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 5th of June.

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July P11D Filing Deadline Still Applies – We can help

03-06-2020

July P11D Filing Deadline Still Applies – We can help Over the last few months we have seen the introduction of unprecedented measures to ease the financial and regulatory burden on businesses.   There are some areas however where the old rules still apply. HMRC has confirmed that the normal 6 July deadline for filing of your P11Ds…

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Daily Automotive Retail Update 1st of June

01-06-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 1st of June.

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Coronavirus Update 1st June 2020

01-06-2020

Coronavirus Update 1st June 2020 As expected the Chancellor has bot extended the term of the “furlough and self-employed support schemes” and at the same time signalled their end. The details are set out in the announcement in the link below. https://www.gov.uk/government/news/chancellor-extends-furlough-scheme-until-october There…

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Daily Automotive Retail Update 29th of May

29-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 29th of May.

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HMRC Approved Mileage Rates – All Change

29-05-2020

HMRC Approved Mileage Rates – All Change The HMRC approved mileage rates for June have been published.  The falling price of oil has had a significant impact with all rates changing except for those relating to electric vehicles. As dealerships begin to open more fully during June, you may see more car and fuel use by your employees, so…

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Daily Automotive Retail Update 28th of May

28-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 28th of May.

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Coronavirus Guidance on MOT and Test Centre

27-05-2020

Covidvirus Guidance 27th May The Government have published guidance today that focuses upon how to operate an MOT and Test Centre. The rules are very straightforward and are set out on the attached link. Coronavirus: MOT centre and tester guidance What is clear is that this guidance is more about health and safety for both customers and staff in terms…

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Daily Automotive Retail Update 27th of May

27-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 27th of May.

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Daily Automotive Retail Update 26th of May

26-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 26th of May.

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Innovation in the time of Corona

26-05-2020

Innovation in the time of Corona Necessity is the mother of invention. The Covid-19 pandemic has upended normal life, making activities we once took for granted seem totally alien. No business has been immune to its impacts, with offices closed and social distancing enforced across the country businesses have needed to adapt. It is in these adaptations,…

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Daily Automotive Retail Update 22nd of May

22-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 22nd of May.

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Daily Automotive Retail Update 21st of May

21-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 21st of May.

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Daily Automotive Retail Update 20th of May

20-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 20th of May.

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Claiming Rebate of Covid 19 Related Statutory Sick Pay

20-05-2020

Claiming Rebate of Covid 19 Related Statutory Sick Pay Although dealers currently have most staff on furlough, back in early March when showrooms were still open, some employees may have been absent for Covid 19 related reasons.  This could have been because they had symptoms, were self-isolating or were shielding.  If you paid them SSP during…

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Using VAT bad debt relief to help cashflow

19-05-2020

Using VAT bad debt relief to help cashflow If you had customers holding accounts with you before the start of lockdown, it’s possible that those balances might still be outstanding and relate to periods before March. You may already be aware that some of these customers have gone out of business, or they could be taking longer to pay due to the…

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Daily Automotive Retail Update 18th of May

18-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 18th of May.

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Coronavirus Guidance – 15 May 2020

15-05-2020

Coronavirus Guidance – 15 May 2020 On 14th May, HMRC published updates to existing guidance and two new guidance documents. The summary of what is new is set out below; The first document is an update of an existing guidance previously issued on 4th April and originally issued on 26th March. It is set out below. Check if you can claim for your…

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Scammers take advantage of Covid 19

15-05-2020

Scammers take advantage of Covid 19 The big positive aspect of the Covid 19 situation has been the way that the country has come together to fight the virus and care for the wider community.  Unfortunately not everyone has the same motives, and fraudsters are taking advantage of people’s anxiety and changes in normal routine and procedures…

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Deferring your July Payment on Account

15-05-2020

Deferring your July Payment on Account It was announced a few weeks ago that there would be the facility to delay making your July Self-Assessment payment on account.  No details were provided at the time, but HMRC have now issued further guidance on how deferral will work. Firstly, there is no requirement to tell HMRC that you are taking advantage…

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Daily Automotive Retail Update 15th of May

15-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 15th of May.

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Daily Automotive Retail Update 14th of May

14-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 14th of May.

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Daily Automotive Retail Update 13th of May

13-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 13th of May.

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Daily Automotive Retail Update 12th of May

12-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 12th of May.

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Daily Automotive Retail Update 11th of May

11-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 11th of May.

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Profitability Statistics - March 2020

07-05-2020

Average UK car retailer profitability for March 2020. Click to download Profitability Statistics March 2020

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Daily Automotive Retail Update 7th of May

07-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 7th of May.

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Daily Automotive Retail Update 6th of May

06-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 6th of May.

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Daily Automotive Retail Update 5th of May

05-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 5th of May.

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Daily Automotive Retail Update 4th of May

04-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 4th of May.

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Daily Automotive Retail Update 1st of May

01-05-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 1st of May.

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HMRC Advisory Fuel Rates for Company Car Users

30-04-2020

For those of you with employees who continue to use company cars, you might have missed that HMRC released new advisory fuel rates from 1 March.  All the rates can be found on the gov.uk website via this link https://www.gov.uk/government/publications/advisory-fuel-rates/advisory-fuel-rates-from-1-march-2016 but please be aware that a number of…

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Daily Automotive Retail Update 30th of April

30-04-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 30th of April .

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Daily Automotive Retail Update 29th of April

29-04-2020

ASE Global Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 29th of April .

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Daily Automotive Retail Update 28th of April

28-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 28th of April .

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Daily Automotive Retail Update 27th of April

27-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 27th of April .

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ASE Coronavirus Update 24th April

24-04-2020

Furloughed employees with company cars which are not been used in the lockdown could save thousands of pounds in tax by returning the car to their employer.  A taxable benefit arises from having a company car when that vehicle is made “available” to the employee for their private use. The rule is relaxed if the vehicle was not available…

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New VAT Fuel Scale Charge Rates Issued

24-04-2020

Against the backdrop of showroom closures and furloughing staff, it’s easy to forget that some tax changes continue to be introduced as normal.  HMRC have issued new VAT Fuel Scale Charge rates which should be used for VAT periods beginning on or after 1 May 2020.  The rates can be accessed via this link: https://www.gov.uk/government/publications/vat-road-fuel-scale-charges-table/vat-updated-valuation-table-road-fuel-scale-charges-from-1-may-2020…

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Daily Automotive Retail Update 24th of April

24-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 24th of April .

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Daily Automotive Retail Update 23rd of April

23-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 23rd of April .

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An Example of a Submitted Claim under the Coronavirus Job Retention Scheme (CJRS)

22-04-2020

An Example of a Submitted Claim under the Coronavirus Job Retention Scheme (CJRS) One of our clients successfully submitted their claim for furloughed wages, etc. on the afternoon of Monday 20th April 2020. To assist other dealers, they kindly provided us with details of how they did so, including screen prints of HMRCs online system, for which we…

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Daily Automotive Retail Update 22nd of April

22-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 22nd of April 

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Daily Automotive Retail Update 21th of April

21-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 21th of April 

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ASE Coronavirus Update 20th April

20-04-2020

HMRC has opened the furlough payroll portal this morning, 20th April at 8am. They are claiming it will process will enable 450,000 users to simultaneously access the portal. Although the scheme is designed as a one-claim system, it is possible that an employer can claim numerous times to accommodate weekly as well as monthly salaries. I think the better…

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Daily Automotive Retail Update 20th of April

20-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 20th of April 

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ASE Coronavirus Update

17-04-2020

Clients who have opted to buy the fee protection offered by ASE will be delighted to know that we are able to confirm that the ASE policy includes any fees relating to CJRS enquiries and/or visits.   Unfortunately, this policy has not been universally adopted by all ASE clients.   For those who even at this stage in 2020 would like to reconsider…

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Coronavirus Update – 17th of March

17-04-2020

On 17th April, the Government extended the furlough scheme to include June 2020. Full details are set out in attached link. Chancellor extends furlough scheme to end of June If you have additional questions which have not been addressed above please contact Chris Cummings on 07896 117908 or by email chris.cummings@ase-global.com

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Daily Automotive Retail Update 17th of April

17-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 17th of April 

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ASE Coronavirus Update- "Pensions Regulation"

16-04-2020

The Pension Regulator on 14th April 2020 issued guidance about automatic enrolment pension contributions. The full details of the changes are set out below. TPR publishes COVID-19 pension guidance for employers A summary of what it sets out is noted below; The current crisis has not changed the employer’s duties and responsibilities with regard…

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Daily Automotive Retail Update 16th of April

16-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 16th of April 

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Daily Automotive Retail Update 15th of April

15-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 15th of April 

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Coronavirus and the Self Employed

15-04-2020

The Government has published further guidance for the self-employed. The guidance is very comprehensive and set out in the attached link. Guidance - Claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme The guidance sets out a grant of 80% of trading profits over years 2016/17, 2017/18 and 2018/19 or £2,500 maximum.…

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Daily Automotive Retail Update 14th of April

14-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 14th of April 

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Daily Automotive Retail Update 9th of April

09-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 9th of April 

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Daily Automotive Retail Update 8th of April

08-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 8th of April 

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Daily Automotive Retail Update 7th of April

07-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 7th of April 

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ASE Coronavirus Update

06-04-2020

On 4th April the Government published an update on the Coronavirus Job Retention Scheme. The full details of the changes are set out below. Guidance - Claim for your employee’s wages through the Coronavirus Job Retention Scheme Guidance - Check if your employer can use the Coronavirus Job Retention Scheme Summary of Changes The changes include…

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Relaxation in company car tax rules

06-04-2020

With all but essential travel now banned, car journeys have become a rarity. Consequently, dealers have been telling us that employees are trying to hand their cars back to avoid incurring a benefit in kind. Due to social distancing measures, employers are reluctant for these vehicles to be physically returned and have so refused. The good news is…

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Daily Automotive Retail Update 6th of April

06-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news. Update from 6th of April 

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Delay to “digital links” requirement for VAT MTD

04-04-2020

In a welcome move, the need for your different VAT systems to be digitally linked under Making Tax Digital has been delayed until next year. These rules had specifically excluded the use of ‘cut and paste’ or ‘copy and paste’ as a way of inputting information from say your DMS into a spreadsheet, but some dealers have struggled…

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Daily Automotive Retail Update

03-04-2020

ASE Gloabal Announces Daily Covid-19 updates from our Chairman Mike Jones. Please watch the video to be up to date with all the latest news.

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Answers to Furlough Questions raised during the Auto Trader webinar to Mike Jones, Chairman of ASE Plc, on Wednesday 25th March

02-04-2020

Hundreds of questions were submitted during the webinar to Mike and lots of them were around Furlough, so ASE has produced a Q&A guide to try and help retailers through this unprecedented timeIn case if you would like to watch the recorded webinar: 1. click the link below 2. Leave your details 3. Proceed watching the webinar https://What-options-do-Retailers-have-amidst-COVID-19?…

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ASE Coronavirus Update

01-04-2020

ASE Coronavirus Update As at 1 April there have been no specific further announcements by the Government concerning the core issues that face businesses; loan facilities, meeting liabilities and furloughing of staff. However, anecdotal evidence is now beginning to circulate as to the effectiveness of the measures announced and in particular the availability…

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Coronavirus and Insolvency

30-03-2020

Various new sources reported on Saturday 27th March that the Insolvency Service, which sits within the Department for Business, Energy and Industrial Strategy (BEIS), has begun canvassing views among restructuring professionals about urgent changes to company legislation. The reforms, which would be implemented through emergency laws, could include…

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Coronavirus and the Self Employed

27-03-2020

The Government has finally published guidance for the self-employed. The guidance is very comprehensive and set out in the attached link. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The guidance sets out a grant of 80% of trading profits over years 2016/17, 2017/18 and 2018/19 or…

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Coronavirus and Employees

27-03-2020

The Government have published more details about the Coronavirus Job Retention Scheme will operate. It is a very detailed set of guidelines enabling employers and employees to have a clear understanding of the way forward. There are some oddities and there are certain contrasts to those self-employed that may well need a little more clarification in…

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Commission Payments and the Corona Virus Job Retention Scheme Addendum

27-03-2020

We have had a number of queries regarding how commissions factor in to the calculation of pay for the purposes of this scheme.  Although the government guidance states that bonuses and commission do not form part of earnings this should be interpreted to mean one off payments which are made irregularly.  Where such amounts are used to calculate…

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Further Accounts Filing Extension

25-03-2020

  It seems like ages ago that the Chancellor stood alongside Boris Johnson and announced £330bn of loans which would be made available to businesses through banks with an 80% guarantee from the government. The larger business loans, which effectively require them to issue corporate paper, will not be applicable to the most of the motor trade.…

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Further Accounts Filing Extension

25-03-2020

Companies House have just announced that from today (25 March) the extension to the year end accounts filing deadline is to be increased to three months due to any inability to file on time as a result of CoVid-19. You will still need to apply for the extension online (takes no more than 15 minutes) and if you cite COVID-19 or Health issues as the…

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Additional extension rules for MOT`s

25-03-2020

From 30 March 2020, MOT due dates for cars, motorcycles and light vans are being extended by 6 months to help prevent the spread of coronavirus. The extension is automatic. Cars failing their MOT before 30 March 2020 will not get the extension and will need to pass the MOT before they can be driven. The government is still allowing MOT centres and…

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Coronavirus, the Employed and the Self Employed (“the Furloughed”)

24-03-2020

Coronavirus, the Employed and the Self Employed (“the Furloughed”) Employees The concept of supporting employee earnings is now beginning to register such that businesses are “furloughing” employees albeit the detail remains unclear. The latest from HMRC gives HM Treasury the power to direct HMRC to pay grants to businesses…

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ASE COVID-19 Business Continuity Response

24-03-2020

Dear All, Following the Prime Minister’s announcement last night I wanted to share a quick update from everyone at ASE Automotive Solutions.  As a business we have taken the necessary decision to instruct all our employees to work from home and will be closing the Manchester office for three weeks.  This will be reviewed regularly,…

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Coronavirus Update – Saturday 21st March 2020

21-03-2020

Coronavirus Update – Saturday 21st March 2020   At 9pm on 20th March, HMG published two very important notes that all businesses operators should read as soon as possible. The links are noted below. COVID-19: support for businesses  COVID-19: guidance for employees  ASE Commentary Unlike many documents published by HMG, these two…

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Help for businesses

20-03-2020

At Budget 2020 on Wednesday 11 March, the Chancellor announced a ‘Coronavirus Business Interruption Loan Scheme’, and that it would become available ‘over the coming weeks’. The new scheme will become available in week commencing 23 March 2020. The scheme provides the lender with a government-backed guarantee against the outstanding…

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ASE Global Advice & Guidance Automotive Dealer Support What to do? – CoVid19

20-03-2020

  We at ASE understand this is a unique emergency.  Therefore, the likelihood of more “unknown unknowns” revealing themselves is very real.  It is difficult not to be overwhelmed by such uncertainty, but survival depends on accepting uncertainty will be a constant for the foreseeable future and being prepared to be agile…

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Business rates and Coronavirus

19-03-2020

Where a business occupies a property in the retail sector with a rateable value of £51,000 or more, or if your business occupies a property in the leisure or hospitality sectors, the Government have announced that the business may be eligible for the 100% discount on your business rates bill. If your business is in the retail, hospitality or…

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Coronavirus and SSP changes

18-03-2020

On March 11, Chancellor Rishi Sunak delivered a new £12 billion plan to combat the Coronavirus. This includes temporary changes to SSP legislation and support for employers. Here’s what bureaux, employers and employees need to know. What’s changing?          Under the current legislation, employees must wait…

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Coronavirus and IR35

18-03-2020

The Government has announced a last-minute postponement to the implementation of the Off-Payroll Tax to the private sector in light of the recent Covid-19 outbreak, with the legislation now due to be reintroduced in April 2021. The decision was taken following significant pressure from contractors and others who warned that the inevitable loss of work…

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Coronavirus and Financial support

18-03-2020

In last week’s Budget, the Chancellor provided £30 billion of support to the economy to deal with the crisis by investing in public services, increasing support for vulnerable people and providing business with tax reliefs and loans. I think we were all astonished at the quantum of support and perhaps took little notice of his further comment…

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Areas to consider and focus upon in these difficult times

18-03-2020

General Communicate with all staff the current guidance on keeping safe Review current debtor situation and chase for payment Dispose of all non-retail used card to generate cash Review of all supplier agreements and terms Review and understand Government support Carry out cash flow modelling to look at scenarios from minimum downturn (10%) to extreme…

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Coronavirus and Taxation

17-03-2020

The medical opinion seems to be forecasting that more and more people self isolate in the coming weeks as the world struggles to cope with the virus. Along with many other staff, I am now grounded at ASE with virtually no clients willing to allow us to attend audits / hold meetings. Lord knows how businesses will be expected to go about their normal…

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Accounts Filing Extension

16-03-2020

Companies House have just announced that they are willing to grant a 30 day extension to the year end accounts filing deadline due to any inability to file on time due to CoVid-19. The application can be made online or by post and they are committing to decide on all applications within 5 days. The application must include the company number, information…

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Holiday Pay Entitlement

16-03-2020

From 6 April 2020, “the government will be changing the holiday pay reference period that applies for calculating an average week’s pay where a worker has variable remuneration” comments Martin Redfern Taxation Manager at ASE Plc. Variable remuneration exists where there are normal working hours, but the remuneration varies due to:…

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“ASE can help you manage your business remotely”

15-03-2020

“ASE can help you manage your business remotely” As the UK government continues to make additional announcements in relation to the recent Covid-19 virus the number of confirmed coronavirus cases continues to rise. Whilst at the moment it is business as usual in the main, we expect that we will see an increase in the number of people required…

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How does the Chancellors announcements affect motor retailers?

11-03-2020

As taxpayers, we look and listen to Chancellors delivering their budget in the expectation that he or she will say something directly relevant to what it is we are interested in such that we often spend little time listening to what he or she has said overall. The motor dealership network and their advisors are no less guilty of this than any other…

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Weathering the storm with ASE

03-03-2020

As the met office declared last month to be the wettest February on record, police in flood hit South Wales declared a temporary critical incident. Meanwhile emergency services, councils and other bodies have worked hard to try and protect, property, infrastructure as well as residents. In addition, several Welsh Automotive retailers have been badly…

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Profitability Statistics - December 2019

03-02-2020

Average UK car retailer profitability for December 2019. Click to download Profitability Statistics December 2018

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Just how hard is it to get things wrong when you think you are saving carefully for your retirement?

31-01-2020

Just how hard is it to get things wrong when you think you are saving carefully for your retirement? “It is not just a case of saving for retirement or investing it in the right way, HMRC set out a minefield of traps that you need to avoid or woe betide the unwary” says Nick Lanigan, Tax advisor at ASE Plc. If you get things wrong then…

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Who Regulates The Regulators

31-01-2020

With all of the talk in the last few days about Huawei and who is watching who, the Financial Conduct Authority (FCA) has suffered the embarrassment of being fined by The Pensions Regulator (TPR) over deficiencies in the paperwork relating to its pension scheme The pension watchdog fined the FCA Pension Plan £2,000, the maximum possible, during…

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Happy New Year

13-01-2020

It’s all go at present within the Personal Tax Department at ASE Plc with clients keen to file their tax returns by 31 January 2020 deadline. Michelle Malone, Tax Director, commented that “most taxpayers know the drill nowadays and so it’s only in one or two cases where reminders are necessary to encourage the more reluctant to file…

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Christmas is the time for goodwill

11-12-2019

Christmas is a time for goodwill to all men according to the carol “I Heard the Bells on Christmas Day” written by Henry Wadsworth Longfellow during the American Civil War ….but not it appears at HMRC where the taxpayer remains fair game. In a new case, Taylor Pearson (Construction) v HMRC 2019 (UKFTT 691), on 6th December,…

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Profitability Statistics - October 2019

04-12-2019

Average UK car retailer profitability for October 2019 Click to download Profitability Statistics October 2019

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Spot the difference?

11-11-2019

In the case of R Toome and another v W Ross and another EWHC 2855 decided on 30th October, the court held that monies paid into an employee benefit trust where the company subsequently became insolvent amounted to unreasonable behaviour by the directors notwithstanding that the court had some “empathy” with the directors who they believed…

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Profitability Statistics - September 2019

06-11-2019

Average UK car retailer profitability for September 2019 Click to download Profitability Statistics September 2019

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An open tax system or the "gates of the Kremlin"?

04-11-2019

An open tax system or the “gates of the Kremlin”? Is it realistic to assume that where HMRC publish information either in letter, booklet or on the internet, a taxpayer should be able to rely upon it to be both accurate and binding? Can we trust statements made by HMRC to be binding as to the consequences they highlight? Where a taxpayer…

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Profitability Statistics - November 2019

01-11-2019

Average UK car retailer profitability for November 2019 Click to download Profitability Statistics November 2019

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Just what is deliberate?

28-10-2019

Just what is deliberate? In a recent case a taxpayer set himself up as a tax consultant specialising in the racing industry. In addition he bought and sold racehorses. He described himself as a thoroughbred (horse) dealer. He argued that losses which he made trading horses were tax allowable against other income. HMRC argued otherwise and the Tribunal…

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FCA Senior Managers Certification Regime (“SMCR”)

28-10-2019

With effect from 9th December 2019, Motor Dealers who are registered as a credit broker with the FCA must comply with the new Senior Managers Certification Regime. The aim of the SMCR is to encourage greater individual accountability and higher levels of personal conduct for those involved in the provision of credit broking. Senior Managers (a…

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Profitability Statistics - August 2019

07-10-2019

Average UK car retailer profitability for August 2019 Click to download Profitability Statistics August 2019

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Beware of 30th September 2019

12-09-2019

Beware of 30th September 2019 In Finance Act (no 2) 2017 HMRc introduced a charge on “disguised remuneration”. It is conveniently known as the “loan charge”. Martin Redfern of ASE Plc commented that the loan charge “it is an attempt to impose an Income Tax and NIC liability upon both employers and individuals where…

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VAT on Deposit Payments

02-09-2019

VAT on Deposit Payments From March 2019,  HMRC have new legislation which they are now using to recover VAT  on deposit payments in circumstances where the customer has not completed the sale but equally has not requested the repayment of the deposit. In these circumstances the dealer may well have accounted for the VAT on the deposit and…

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Profitability Statistics - July 2019

02-09-2019

Average UK car retailer profitability for July 2019 Click to download Profitability Statistics July 2019

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Profitability Statistics - June 2019

06-08-2019

Average UK car retailer profitability for June 2019 Click to download Profitability Statistics June 2019

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ASE Global Partners Alliance Manchester Business School Programme

29-07-2019

Together they will research future of consultancy services in the global automotive sector ASE Global, the automotive industry advisor, is to partner with the prestigious Alliance Manchester Business School (AMBS) Programme of MSc Business Analysis and Strategic Management.  Part of the University of Manchester AMBS runs its programme annually…

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Construction Expenses and the new Structures and Buildings Allowance (SBA)

29-07-2019

Construction Expenses and the new Structures and Buildings Allowance (SBA) SBA, introduced in 2018, is designed to give an immediate relief against taxation for any capital expenditure on buildings for which there is no other relief (such as capital allowances). The rate is calculated at 2% per annum of the cost to construct a building or structure.…

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Life, Death and Taxes – a modern reflection?

29-07-2019

The Labour Party has published a report entitled “Land for the Many” – see attached link https://landforthemany.uk/ In the report, there is both good news and bad news One of its principal recommendations is that inheritance tax should be abolished, and replaced with a lifetime gifts tax levied on the recipient. One the face of it,…

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Profitability Statistics - May 2019

05-07-2019

Average UK car retailer profitability for May 2019 Click to download Profitability Statistics May 2019

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Putting our customers’ data security first

27-06-2019

In today’s digital era trust between a vendor and its customers is more important than ever, but it is also harder than ever to protect because the threats to this relationship are no longer just physical, but also online and can happen at anytime.  That is why we have always prioritised data security at ASE Global.  We recognise how…

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Profitability Statistics - April 2019

11-06-2019

Average UK car retailer profitability for April 2019 Click to download Profitability Statistics April 2019     

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Building scale, winning share - expanding our global reach

29-05-2019

Building scale, winning share – expanding our global reach ASE Global expanded its service offering and geographic footprint with the acquisition of Edentity Software Solutions, an Austria-headquartered automotive software provider. The acquisition has allowed us to grow our network in central Europe, and to provide more comprehensive software…

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If it looks like a van is it possible that it is in fact a car

16-05-2019

If it looks like a Van is it possible that it is in fact a Car. The distinction between whether a vehicle is a car or a van is important for the purposes of whether an employee is subject to tax on a benefit in kind provided by his or her employer. Coca Cola supplied employees estate cars but in 1997 decided that employees needed vans. The users claimed…

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Minister Counsellor Bao Ling Visits ASE Global’s Headquarters

15-05-2019

MINISTER COUNSELLOR BAO LING, HEAD OF THE COMMERCIAL SECTION, CHINESE EMBASSY VISITS ASE GLOBAL’S HEADQUARTERS Meeting comes as ASE Global explores opportunities for the automotive industry in China ASE Global, the automotive industry advisor, was delighted to recently welcome Minister Counsellor Ms Bao Ling, the Head of the Commercial Section…

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How well are your used car sales performing

14-05-2019

From the start of 2019 ASE  have witnessed significantly more demand for used car sales consulting. Please see below the high level details from one of our recent assignments. On 15th January 2019,  we started to work with one of our UK Dealers to see if we could help reverse current losses. Trevor Jones says: At that point, first half…

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VAT – hints and tips from our experts

08-05-2019

VAT just how simple can a simple tax be? VAT is a simple tax – the consumer / end user pays the VAT whilst the business recovers the VAT charged upon goods and services it uses. Given that the rate of tax is 20%, one can almost calculate the VAT in your head or at the very least on a piece of paper, a pen and a calculator, deducting the VAT you…

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Profitability Statistics - March 2019

02-05-2019

Average UK car retailer profitability for March 2019

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Finance act 2019

23-04-2019

Despite the sense that all that Parliament has been addressing in recent months is Brexit, the Finance Act has been published changing the taxation landscape in relation to the taxation of properties. Bearing in mind that for many motor dealers property assets are the single most significant added value component of the net worth of a business, the…

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Electric charging points

11-04-2019

The environmental rejection of both lead free petrol and diesel vehicles has led to an increase in interest in hybrid vehicles, but in future vehicles that are fully electric will become the norm on our roads.According to the RAC, the network of public chargers is best suited for longer journeys, with a rapid charging unit providing up to 80% of charge…

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Profitability Statistics - February 2019

03-04-2019

Average UK car retailer profitability for February 2019 Click to download Profitiability Statistics February 2019

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Act now to avoid filing P11Ds by payrolling benefits in kind

01-04-2019

The rush to file P11Ds in July can put pressure on already stretched dealership accounting resources.  By opting to payroll benefits in kind, this could be the last year you have to file these forms.  You will need to act quickly though as you must inform HMRC of your decision before the start of the tax year in April.With payrolling, instead…

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Personal contract purchase - VAT change advice from HMRC

25-03-2019

On 27 February 2019, HMRC published advice to the motor trade concerning “personal contract purchase” agreements (“PCP’s”) – Revenue and Customs Brief 1 (2019) – change to the VAT treatment of personal contract purchases.The CaseThe advice follows on from HMRC’s decision to withdraw its appeal following…

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Analysis of Treasury Announcements in the the 2019 Spring Statement

18-03-2019

Last week we had the Spring Statement 2019 where the Chancellor provided the country with an update on the health of the economy. Our Tax experts are enclosing a summary of the Chancellor’s Spring Statement and other recent tax changes for your attention. Although the Statement does not include tax measures, a number of tax related consultations…

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Spring Statement 2019: What to expect next?

18-03-2019

Last week we had the Spring Statement 2019 where the Chancellor provided the country with an update on the health of the economy. Our Tax experts are enclosing a summary of the Chancellor’s Spring Statement and other recent tax changes for your attention. Although the Statement does not include tax measures, a number of tax related consultations…

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ASE Audit Team Advances!

11-03-2019

As a nice update – we would like to outline a couple of changes to the department in line with recent promotions and recognition Please meet our stars: Paul Smith Has been promoted to the role of Audit Director with effect January 2019, which is in recognition of his client handling and project delivery for the ASE client base.  During…

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Profitability Statistics - January 2019

06-03-2019

Average UK car retailer profitability for January 2019 Click to download Profitability Statistics January 2019

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Making TAX digital for VAT

04-03-2019

WHAT IS IT AND WHY IS IT HAPPENING? MTD introduces the requirement to keep VAT records in digital form and file returns using software. It is part of HMRC’s drive to introduce digital reporting for most taxes, as seen with the introduction of RTI for PAYE purposes. HMRC believes billions of pounds of tax revenue are being lost to genuine human…

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ASE guests visit Ferrari of San Francisco

29-01-2019

Exclusive insight into digital marketing strategy Delegates on the ASE Global trip to this year’s NADA Show in San Francisco were treated to an exclusive visit to Ferrari of San Francisco, one of the top Ferrari dealerships in the USA. Ferrari of San Francisco is part of the Boardwalk Auto Group, which has nine luxury and premium brand outlets…

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Prison sentence issued after data breach in automotive sector

22-01-2019

A former motor industry employee has been sentenced to six months in prison for unlawfully accessing personal data. Mustafa Kasim, who worked for accident repair firm Nationwide Accident Repair Services (NARS), used the Audatex system to access thousands of customer records containing personal data without permission. Using a colleagues’ log-in…

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Profitability Statistics - November 2018

07-01-2019

Average UK car retailer profitability - November 2018 Click to download Profitiability Statistics December 2018 Click here to view video

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Profitability Statistics - December 2018

11-12-2018

Average UK car retailer profitability for December 2018 Click to download Profitiability Statistics December 2018 Click here to view video

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Profitability Statistics - October 2018

10-12-2018

Average UK car retailer profitability for October 2018 Click to download Profitability Statistics October 2018

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Minimum Wage Compliance

13-11-2018

It has been reported in the press that Iceland Foods is to challenge a ruling by HMRC concerning two matters which impact upon the minimum wage legislation. Both of the issues may have impact upon motor dealerships in particular as well as the workplace overall. The first concerns the deduction by the employer of money from an employee’s…

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Profitability Statistics - September 2018

05-11-2018

Average UK car retailer profitability for September 2018 Click to download Profitability Statistics September 2018

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2018 Budget Announcement

30-10-2018

2018 Budget Announcement Click to download 2018 Budget Announcement Budget provides boost to automotive facility investments, albeit too late for many and a missed opportunity to stimulate electric and hybrid sales.

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Profitability Statistics - August 2018

02-10-2018

Average UK car retailer profitability for August 2018  Click to download Profitability Statistics August 2018

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Profitability Statistics - July 2018

05-09-2018

Average UK car retailer profitability for July 2018 Click to download Profitability Statistics July 2018

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Profitability Statistics - June 2018

13-08-2018

Average UK car retailer profitability for June 2018 Click to download Profitability Statistics June 2018

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Profitability Statistics - May 2018

09-07-2018

Average UK car retailer profitability for May 2018 Click to download Profitability Statistics May 2018

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Advisory Fuel Rates

26-06-2018

Please see the updated advisory fuel rates for June 2018. Download PDF

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Driving Force Summer 2018

18-06-2018

Read via our e-zine online now, download or call for a copy of the magazine. Click to download DRIVING FORCE SUMMER 2018

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Profitability Statistics - April 2018

13-04-2018

April recovery as average UK motor retailer improves profit by £9,900. Mike Jones comments on this month's profitability statistics.

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Profitability Statistics - March 2018

13-03-2018

Average UK motor retail profitability falls 6.7% in March. Click to download Profitability Statistics March 2018 Mike Jones comments on this month's profitability statistics. 

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Profitability Statistics - February 2018

09-02-2018

Average UK motor retailer produces good start to 2018 with profit in February. Click to download Profitability Statistics February 2018 Mike Jones comments on this month's profitability statistics.

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Profitability Statistics - January 2018

08-01-2018

Click to download Profitability Statistics January Average UK motor retailer produces good start to 2018 with profit in January.

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