The problem with HMG

HMRC aren’t always great at moving with the times. The main company car section of the Income and Corporations Taxes Act 1988 (s198) referred to the expense of “keeping and maintaining a horse to enable him to perform those duties”. That’s 1988. So perhaps we...

Embracing the electric world

The birth of the digital watch in the 1970s led to crisis for Swiss watchmakers. Some built their own, others stuck to their guns and weathered the storm. And, of course, no one threatened to ban the mechanical watch… I see parallels with the arrival in volume...
AFP Webinar

AFP Webinar

David Chandler and Harvey Perkins very much enjoyed taking part in the AFP webinar this morning about Tax and the Company Car. We talked at length about the tax system and why its too complicated, the new super deduction (the only tax relief that wears its pants on...
Global EV’s and PHEV’s

Global EV’s and PHEV’s

The graph above shows where in the world new EVs and PHEVs have been registered over the last ten years. If we accept that overall global supply is limited, it’s interesting to see where the cars are going. Through to the end of 2019, more than half of the cars built...
The EV Grant

The EV Grant

One last comment on the EV grant. Just picking up from a point made elsewhere by Paul Gauntlett. The EV grant isn’t the Government giving money away. Like so many of these things, it’s actually about them taking a little less. VAT on a 25k list price car is £4,167. If...

Government policy on EVs

So last Wednesday at 7am the Government cut EV grants across the board, and for cars over 35k they removed them altogether. They did all of this with a press release that suggested this was good news. So was it good news? For taxpayers that can’t afford expensive...