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New VED measures from 1 April 2019

New VED measures from 1 April 2019

31 January 2019

VED, or car tax, is set to increase in line with inflation in April 2019. This reflects changes brought in by the Chancellor in the 2018 Budget. Whilst the VED system was significantly reformed in 2017, this is the first year that drivers will see inflationary rises.

Roll out of low emission zones

Roll out of low emission zones

31 January 2019

From April 2019, the Ultra Low Emission Zone will come into force in London, replacing the current Congestion Charging Zone. It will be significantly expanded to include most of inner London in 2021. Most vehicles including cars and vans will need to meet new, tighter exhaust emission standards (ULEZ standards) or pay a daily charge to travel within the area of the ULEZ.

SAF redevelopment

SAF redevelopment

31 January 2019

The FLA team is working on updating the SAF learning materials, ready for the end of Q1. The redeveloped package will make learning accessible at all levels, provide a seamless learning journey and make it easier for learners to develop their motor finance knowledge. The components are outlined below.

Budget update

Budget update

31 October 2018

The Chancellor delivered his 2018 budget statement at the end of October, the last before Brexit, announcing better than expected public finances allowed for more Government spending than previously thought.

Electric Vehicle updates

Electric Vehicle updates

31 October 2018

Changes to the way electric vehicles can be funded have been announced by Government and industry.

FCA publishes evaluation of Guaranteed Asset Protection (GAP) intervention

FCA publishes evaluation of Guaranteed Asset Protection (GAP) intervention

31 October 2018

The regulator has evaluated the impact of its changes to the sale of GAP insurance.

Motor Finance Apprenticeship continues to grow

Motor Finance Apprenticeship continues to grow

31 October 2018

The Specialist Motor Finance Apprenticeship was launched earlier this year and continues to grow in popularity with the first apprentices now starting their training.

SAF redevelopment underway

SAF redevelopment underway

31 October 2018

We are currently working with the London Institute of Banking and Finance (LIBF) to redevelop the suite of training under our Specialist Automotive Finance (SAF) brand, launching early next year.

Under the spotlight – Improving Customer Information

Under the spotlight – Improving Customer Information

31 October 2018

The FLA has issued guidance to members to help improve the information provided to customers on motor finance agreements through the provision of summary information at the point of sale and during the contract.

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