HMRC has identified an increasing risk of an error in the VAT returns for certain Franchised Dealerships, described as “Bumping”. HMRC are sending letters to some motor retailers that they believe are at risk from ‘Bumping’. Bumping is where there is a discrepancy between a vehicle sales invoice on the DMS system and the finance proposal one, which can lead to the underpayment of output VAT on … [Read more...]
Roadtesting your sex life
Romance doesn't always take a back seat, according to a survey by Tempcover. Surveying 1,000 drivers, all of whom admitted to intimate relations in their car, Tempcover asked everything from who they were doing it with, to why, their most favoured positions and where in/or on the car gave them the biggest thrill. About 80% of people have taken advantage of those four seats and reliable … [Read more...]
Brits burn £20 Billion in wasted fuel due to flawed tests
British motorists have burned through an extra £20 Billion in fuel over two decades due to exhaust emission cheating by car makers, claim an environmental group. The real cost of carmakers manipulating fuel efficiency tests is now revealed. The additional fuel burned because of widespread industry manipulation has cost drivers an extra €149.6 billion for the past 18 years, according to the … [Read more...]