The Finance & Leasing Association (FLA) has won Government approval to develop a Motor Finance Specialist apprenticeship standard for the motor finance industry.
If you’ve already passed the SAF test, then progressing to SAF Advanced is a good way to develop your career with a more detailed understanding of motor finance products and the regulatory framework underpinning the market.
HM Revenue and Customs has consulted on proposals which seek to limit the range of benefits in kind that attract tax and National Insurance (NI) contributions advantages for employers and employees.
New users will soon receive instructions on how they can take their SAF test when they register. Administrators registering their company’s details will also be sent a new guide, explaining how to manage their firm’s account and detailing the various features available to them.
With new Vehicle Excise Duty (VED) rates due to come into effect (for new cars only) on 1 April 2017, new versions of V55 forms are already in circulation and the AFRL system will also be updated in due course. Both will require dealerships to report the list price or notional price when registering new cars.
1,300 readers responded to our July survey about their SAF learning experiences.
The way apprenticeships are being delivered in the UK is changing. Employers can decide where apprenticeships are needed and set out the knowledge and competences that they want their apprentices to have.
New Vehicle Excise Duty (VED) rates will come into effect (for new cars only) on 1st April 2017, applying a wider range of rating categories based solely on emissions in the first year.
From year two, all vehicles will be subject to a standard rate of £140 per annum, but those priced above £40,000 will be subject to a £310 supplement per annum for five years.
The Institute of the Motor Industry (IMI) has developed an accreditation for finance and insurance (F&I), which is available only to staff who have passed the SAF test.
Andrew Bailey took over as Chief Executive of the Financial Conduct Authority (FCA) on 1 July. In his first session at the Treasury Select Committee, he stated that the FCA needed a clear mission statement to sit beneath its high-level statutory objectives and the detailed information of the annual business plan.