At Taxwise Accountancy, we offer dedicated online accounting and tax services for second hand car dealers, car traders, and motor traders across the UK.
We are UK-qualified and experienced accountants who understand the specific challenges and HMRC compliance needs of small car traders.
VAT
Margin Scheme
HMRC
Compliant
MTD
Ready
Navigate high-risk sector requirements
Expert management and compliance
Full MTD compliance support
Anti-Money Laundering compliance
ACCA, IFA, AAT - We are proud to be associated with leading professional organizations in the accounting industry
Association of Chartered Certified Accountants
Institute of Financial Accountants
Association of Accounting Technicians
Motor trading is a high-risk sector in the eyes of HMRC. Used car dealers and traders are more likely to be selected for investigation than other types of small business due to the nature of the trade, high volumes of cash or finance transactions, and risks of under-declared income or VAT.
Motor traders are required to maintain detailed records of their transactions and financial activities as per HMRC regulations
Motor traders need to comply with the Making Tax Digital (MTD) rules introduced by HMRC for accurate and timely tax reporting
If applicable, motor traders can benefit from the VAT margin scheme, which allows them to pay VAT on the difference between the buying and selling price of used vehicles
Motor traders are subject to Anti-Money Laundering (AML) regulations overseen by HMRC to prevent illicit financial activities
We provide peace of mind by helping our clients meet all these obligations accurately and on time.
Manage your used car dealership effectively with our range of accounting solutions. From bookkeeping to tax planning, we have you covered.
Maximize your success as a small car trader with our specialized accounting support. Let us handle the numbers so you can focus on growing your business.
Ensure compliance and financial stability for your limited company car dealership with services designed to navigate complex tax regulations.
Optimize your online motor retail business with our expert accounting solutions. Manage inventory, track sales, and analyze financial data.
We provide a full package of digital, online accounting and tax support for your motor trade business
Preparation and submission accurately and on time
CT600 preparation and submission
Weekly transaction updates
Weekly stock book and inventory management
VAT return preparation
Expert management of VAT margin scheme
MTD compliance support
Payroll and pension administration
Personal tax return preparation
Director tax planning support
Confirmation statements submission
Quarterly profitability reports
Investigation support and audit readiness
Money laundering regulation compliance
Looking for trusted online accountants for 2nd hand car dealers and motor traders?
Taxwise Accountancy offers specialist accounting and tax support tailored to your trade. Get in touch today to arrange a free consultation and see how we can help streamline your business and keep you compliant.