Dealers need to review customers' payment options carefully to avoid shrinking margins caused by recent changes in payment card charges introduced by the EU, according to audit and tax specialists RSM.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
RSM, the audit, tax and consulting firm, has expanded its motor specialist team with the appointed of Alison Ashley as a partner.
This week Baker Tilly was renamed RSM, uniting under a single common brand with RSM audit, tax and consulting firms across the world.
