As car dealers look to re-align the prices on their used car stock, they have to be mindful of reacting to the market too quickly. In other words, just because there seem to be fewer enquiries and the overall feel of the market has changed dealers shouldn’t think that by distress selling older cars they will not have to pay more in a few weeks … [Read more...]
Car tax hikes delayed but petrol duty up
November 24, 2008 By 1 Comment
Car tax hikes delayed in the Pre-Budget Report, but motorists will not benefit from the VAT cut as petrol duty is raised by 2p. Chancellor Alistair Darling said that a wider range of car tax bands reflecting fuel efficiency would still be introduced, but all rates would go up by a maximum of just £5 next year. … [Read more...]
Government u-turn on car tax
November 11, 2008 By Leave a Comment
Hot on the tails of our article about the car business in this country needing a bit of help from the government comes the news today that the Government’s plan to increase vehicle duty appears to have been delayed for a year. "Changes in the budget meant from next year all cars which had been on the road since 2001 would face above inflation … [Read more...]
Dealers out of pocket from January
November 8, 2008 By Leave a Comment
An important piece of new legislation regarding tax refunds is coming into effect in January 09. Only the registered keeper (the name on the log book) or last recorded keeper of a vehicle will be entitled to claim a Road Fund Licence (RFL) refund. … [Read more...]
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