Nigel Grainger brings together a related set of skills that all fleets require, to greater or lesser
degrees, but which may not have the staffing or the skills to fulfil those needs.
Bringing his wealth of experience in all areas of fleet management he offers a bespoke service through his company Fleet Risk Consultants, providing you with a cost effective fleet that complies fully with your 'duty of care' requirements.Is the Scrappage scheme really that complicated?
The press have been making a lot of noise about the vehicle scrappage scheme being held back by certain manufacturers because of VAT complications and the explanation on the HMRC website seems reasonably clear to me, but remember I am not an accountant.
But it seems to me that the HMRC may have missed out the subject of Benefit in Kind Taxation. The benefit in kind figure is based on the list price and the CO2 figures of the vehicle, but will they reduce the list price by the £2,000 allowed under scrappage?
The VAT is accounted for under the scrappage scheme, so that would suggest that the Benefit in Kind figures should also be considered. The VAT is not being issued on the £1,000 gross from the manufacturer and therefore cannot be claimed by the buyer, but from my reading of the rules the dealer is the loser in the deal as they have to pay VAT on the price they pay the suppling manufacturer.
Needless to say the end user is getting a safer, more fuel efficient vehicle at the end of the chain.
If you are unsure then give us a call or talk to our clever accountant LJ Hanbury Ltd who are a bit of a whizz at accounting.
After all – Is it worth the gamble?
Nigel Grainger
Senior Consultant