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Following three very successful NFDA workshops on GDPR and a further one lined up for December, we will be holding two additional workshops looking at the more specific issue of contract remediation. Contract remediation is a crucial element of GDPR compliance for franchised dealers and the workshops will show dealers how to review their third-party contracts, including those with manufacturers, finance houses and dealer management systems. The workshops, run again by NFDA TLT solicitors, will take place on Thursday 1 February and Friday 9 March at the Warwick Hilton. If you would like to attend please email firstname.lastname@example.org .
This week saw the Supreme Court give its final ruling in relation to Littlewoods’ claim for compound interest on overpaid VAT. Unfortunately, the final decision was disappointing as the Supreme Court ruled that HM Revenue & Customs (HMRC) will not have to repay Littlewoods compound interest and they were right to pay simple interest only. Please find more details below.
NFDA’s Commercial Vehicle division has now responded to the Migration Advisory Committee’s (MAC) inquiry into European Economic Area (EEA) workers in the UK labour market. The response highlighted NFDA CV members’ concerns about the skills shortage in the commercial vehicle sector as the UK leaves the EU. Please find more information in today’s news.
This week, as expected, the Bank of England voted to raise interest rates from their record low of 0.25% to 0.50%. This is unlikely to have a major impact on consumers, especially in the short term, as interest rates remain incredibly low.
Finally, Automotive Management Live takes place next week at the NEC, Birmingham. Come and see the NFDA team at The Hub to share with us your views on the main issues facing the industry and get an update on a number of projects NFDA is working on. If you have not already done so, please register to attend on: http://bit.ly/2i9dVGZ
NFDA is your trade association: if you need any assistance or to discuss any issues that may be affecting your business, please ring our member helpline on – 01788 538303