Tax registration and blergh - 4 June 2024

FOLLOW UP: FCA PERMITS GAP INSURANCE AGAINThe Financial Conduct Authority (FCA) has given permission for companies to sell GAP insurance once again, following steps to make it fairer to customers. Those selling the insurance will need to demonstrate they are following the new rules and then they will be allowed to resume their offering. If you wish to learn more, click this AMOnline article link here. FOLLOW UP: SPOTIFY OFFERS REFUNDS ON CAT THINGAfter hearing our damning criticism of their actions over the Car Thing, Spotify have offered refunds to owners of the gadget. No, actually, that isn’t what happened. As they face a lawsuit from owners they have heard the general outcry and are trying to repair some of the reputational damage. Click this TechCrunch article for more information. FOLLOW UP: RENAULT-GEELY HORSE FINDS A HOME IN LONDONThe joint-venture between Renault and Geely, for working on ICE and hybrid powertrains, has opened their HQ in London. The plan is for them to supply their own companies, as well as others, with the developed technology. You can read more, by clicking this Reuters article link here. BENTLEY ANNOUNCE NEW CEODr. Frank-Steffen Walliser will be Bentley’s new Chairman and CEO, following the departure of Adrian Hallmark who is moving to Aston Martin. Walliser has been a key part of Porsche’s development of road cars, their racing ambitions and special projects such as the 918 Spyder. He will start his position on 1 July 2024. If you wish to read more, click this EVO article link here. HMRC ADVISORY FUEL RATES CUTS EV RATEHMRC has released the new advisory fuel rates, giving ICE a rise but cutting EVs. Even before the cut, the reality of how drivers will be out of pocket if they drive an EV has been repeatedly stated, especially if the driver does not have a home charger. To find out more, click this Business Motoring article link here. GREAT WALL TO SHUT EUROPEAN HQGreat Wall, the owners of the Ora EV brand, are closing their headquarters in Munich and will be making 100 employees redundant. This also is a signal that their plans for expansion are on hold. The company claims it will continue to serve markets it has already entered, but now from China. Click this electrive article link to read more. GENEVA MOTOR SHOW ENDS FOR NOWGeneva motor show organisers have confirmed that the show will not return anytime soon. Citing car company’s lack of interest and outside influences. Seemingly they have forgotten price gouging hotels and outrageous fees to display. But this will be a loss for the public, despite what motoring journalists and PRs might be cheering. To read more on this, click the Autocar article link...