How to Benefit from Sale and Leaseback: Key Things You Need to Know Sale and leaseback as a concept has been around for almost as long as vehicle leasing itself, but there are still many organisations that could be taking advantage of this that haven’t taken the plunge. In this blog we take a look at how this type of finance works and examine the advantages and disadvantages of sale and leaseback. Need to [...]
COVID-19 Business Interruption Finance Options Summary of new measures: Government introduces new measures to help support British business Two new schemes are launched to provide finance for business: Coronavirus Business Interruption Loan Scheme (CBILS) and the Covid Corporate Financing Facility (CCFF) The Coronavirus Business Interruption Loan Scheme launched on 23rd March and provides access to up to £5m for a maximum of six years to eligible [...]
Tax Implications of Business Car Leasing Leasing company cars and vans, rather than buying them outright, is well established for businesses. It provides known, easily budgeted costs with no hidden surprises and predictable cash-flows. The most popular type of vehicle leasing for businesses is contract hire. The positive tax implications of leasing a company car are a key reason that this form of leasing has become so popular. In this article, we look at [...]
What is Asset Finance? And Your Other Questions … Confusing? Asset finance is pretty simple, but sometimes the terminology can be complicated. The industry uses jargon which can leave people a bit muddled, especially as some of the types of asset finance have names which sound very similar to one another. And at times, you might find different terms are used interchangeably or abbreviated, e.g. HP for hire purchase. We know that there [...]
UK Asset Finance Market Grows to Record Levels in 2019
Consumer Car Finance Explained With so many new car finance deals available, from such a wide range of providers, it can be difficult to know which option to choose. In this blog we guide you through some of the key questions you need to answer, to discover what type of finance best meets your needs. Do you have sufficient savings to buy a new car outright? In today’s climate of very low savings [...]
What Will 2020 Bring for UK Businesses? 2020 is already promising to be a busy year for businesses in the UK, but especially for SMEs. Brexit has been the main topic of interest for what seems like forever, but in 2020 there are going to be several other areas of interest other than Brexit. There’s lots of employment and legal issues companies will have to tackle, such as tax changes, an increase in [...]
The Future is Bright for Asset Finance This year has been relatively positive for those in asset finance in the UK, in spite of political uncertainty around the recent general election and Brexit. Latest statistics reveal positive news for the industry as new figures from the Finance & Leasing Association show that asset finance for new business (primarily leasing and hire purchase) has grown by 2% in the month of October, when compared [...]
Don’t Miss Out on Your Annual Investment Allowance It has been almost a year since Phillip Hammond introduced the most generous Annual Investment Allowance (AIA) increase. In January 2019, the new £1 million allowance limit came into force which delivers 100% tax relief in the year of purchase on the cost of a wide range of assets, including plant and machinery, LCVs, HGVs and other commercial vehicles. The allowance is available for the [...]
