Connect with us

Automotive

Businesses must amend online CRJS overclaims within 72 hours, says HMRC

Avatar

Published

on

Car dealers are among businesses across the UK who have been told that they must pay back any over claimed funds from Government’s coronavirus job retention scheme (CJRS) – deleting any online claims made in error within 72 hours.

ASE alerted the sector’s operators to an update published by the HMRC yesterday (July 28) which states that businesses which have made an over claim in error must delete their online claim within 72 hours.

The guidance also re-states the guidance that “If you have made an error in a claim that means you have received too much, you must pay this back to HMRC”.

HMRC’s latest guidance said that, in the event that funds from an over claim had been received by a business, the issue must be reported as part of its next online claim. Any new claim will be reduced and the business will need to keep a record of the adjustment for six years, it said.

If a business is not planning on submitting another claim then it must contact the HMRC to repay the funds.

Notifications must be received within 90 days of receiving the grant.

The HMRC added: “If you do not do this, you may have to pay a penalty.

“If you do repay any overclaimed grant, this will prevent any potential tax liability in respect of the overpayment of Coronavirus Job Retention Scheme.

“We will not be actively looking for innocent errors in our compliance approach.”

Although it will not be “actively looking for innocent errors” a separate HMRC guidance document outlines its plans for: the collection of the overpayment by tax assessment; recovery of overpayment from individuals where companies become insolvent where the claim can be proven to have been deliberately incorrect or the funds misapplied; and the recovery of overpayments from any one partner in a partnership (joint and several liability).

Those found to have claimed from the CRJS in a fraudulent manner could be subject to penalties of up to 100% of their claim; publication of the names of deliberate defaulters; and/or criminal prosecution.

ASE’s head of tax, Chris Cummings, said: “Without the furlough scheme, the UK economy would have crashed and it would take many years to recover.

“The payments made by HMRC are and have been a lifeline.

“Innocent errors will be tolerated provided monies are repaid (we will not be actively looking for innocent errors in our compliance approach) but negligent, reckless or deliberate claims to recover monies that are unjustified will be rightly punished.”

Source: https://www.am-online.com/news/latest-news/2020/07/29/businesses-amend-online-crjs-overclaims-within-72-hours-says-hmrc

Automotive

GM Debuts Even Quicker Fourth-Generation Magnetic Ride Control

Avatar

Published

on

It’s been almost 20 years since Cadillac first introduced their nifty MagneRide technology on the Cadillac STS Seville, and, at the time, was pretty groundbreaking stuff, offering technology that would adjust and adapt suspension components of a vehicle in real-time in response to changes in terrain. Now on its fourth generation, MagneRide 4.0 gets a number of substantial upgrades across the board making it, in Cadillac’s own words, the world’s fastest reacting suspension technology. And with up to 45% faster damping response than the third generation, we kinda believe that claim. 

According to Cadillac, these are the most dramatic changes yet to the MagneRide system yet, and will elevate the driving performance and road-going comfort of the 2021 Cadillac CT4-V, CT5-V, CT5 Sport, and Escalade. “With MagneRide 4.0, the world’s fastest reacting suspension system is now even faster,” said Thomas Schinderle, Cadillac vehicle performance engineer. “When paired with our sedans’ award-winning rear-wheel-drive architecture, the result is two of the most responsive sport sedans on the market, with reflexes that elevate the already high threshold of the V-Series legacy.”

MagneRide is an active damping system that literally uses electromagnets and magnetorheological fluid to help vary the damping rate of the shock absorbers. Wheel accelerometers read the road up to 1,000 times a second, triggering adjustments in the magnetic charge in the fluid. This fluid then adjusts the shocks almost instantly, allowing the vehicle to better respond to different road surfaces and corners, maximizing the traction on the road at all times. 

Save Thousands On A New Cadillac CT4

Cadillac CT4

MSRP $ 33,990

MSRP $ 33,990

Save on average over $3,400 off MSRP* with
Motor1.com Car Buying Service

Every facet of the previous MagneRide system was improved to create version 4.0, with new wheel hub accelerometers, an inertial measurement unit that processes changes four times faster and is more precise, new temperature maps for the fluid, new flux control to provide more consistent and more accurate changes between rebound and compression, reduced damper friction for more pronounced differences between drive modes, and new software and hardware to help the vehicle remain more level when transitioning through corners. 

MagneRide 4.0 comes standard on the 2021 Cadillac CT4-V in rear-wheel drive and CT5-V and starts at $45,8901 and $48,7901, respectively. The 2021 CT5 Sport can get MagenRide 4.0 as part of an optional V Performance Package, plus suspension performance upgrades and a mechanical limited-slip diff. The 2021 Cadillac Escalade will have MagneRide 4.0 on the Sport and Platinum models as standard, which starts at $86,8901 and $101,2901, respectively. The Premium Luxury trim may get MagneRide 4.0 as part of an optional Performance Package. 

Source: https://www.motor1.com/news/449461/gm-debuts-new-magnetic-ride/?utm_source=RSS&utm_medium=referral&utm_campaign=RSS-category-technology

Continue Reading

Automotive

BMW Gives Android Auto, Other Freebies To 750,000 Owners In OTA Update

Avatar

Published

on

In 2012, Wired reported that Tesla would deliver the auto industry’s first over-the-air (OTA) update to more than 100 Model S sedans. Fast forward to 2020, and BMW has announced it’ll deliver a free OTA update to more than 750,000 cars in markets worldwide. BMW OS 7 and the Remote Software Upgrade tech allow the automaker to update existing features while introducing completely new ones, like adding wireless Android Auto for the first time.

Google’s in-car connectivity software joins Apple CarPlay that has already been available in BMW models, though there’s a lot more included in the update. BMW is updating its proprietary map software for an “entirely new navigation experience.” BMW says its cloud-based system can calculate routes faster by combining real-time info with forecast models. Even CarPlay gets some love with turn-by-turn directions and lane information that’s now viewable in the head-up display. Oh, and there’s no mention of an Android Auto subscription.

BMW’s other new features try to make the driving a bit less frustrating. BMW’s Connected Parking, which helps drivers find parking spots and shows the probability of a spot being open, can now consider the vehicle’s size when assisting. BMW’s eDrive Zones can automatically switch the vehicle to its pure electric driving mode through geofencing. So far, 90 European cities have established such zones. Even BMW’s Intelligent Personal Assistant is a bit smarter, distinguishing between whether the driver or passenger is speaking.

OTA updates for cars didn’t exist a decade ago. But today, BMW, Ford, GM, and others are offering it, or they will be offering it soon. It is just one example of how pure vehicles are changing, highlighting their rapid digitalization and increased connectivity, enabling a host of new and interesting features. Pair that with electric vehicles, and you have a rapidly changing automotive landscape. All you have to do is download it.

Source: https://www.motor1.com/news/449377/bmw-ota-update-750000-cars/?utm_source=RSS&utm_medium=referral&utm_campaign=RSS-category-technology

Continue Reading

Automotive

VW Uses Engine Rev Hang To Cut Emissions

Avatar

Published

on

It has been almost a year since Volkswagen introduced the eighth-generation Golf – the latest version of VW’s best-seller. While a lot can be said about the Golf’s design, one of the great things about it is that it still can be ordered with a 6-speed manual transmission. For enthusiasts and purists, that’s a huge thing, considering that only 12 percent of new models in the U.S. are offered with a stick shift.

But as with most modern cars, the latest VW Golf has an engine rev hang, which is most noticeable in cars equipped with a manual gearbox.

Douglas Skorupski, Volkswagen of America, Inc.’s powertrain strategy manager, has a good explanation for this, as reported by Autoweek. According to Skorupski, the engine rev hang cuts the Nitrous Oxide (NOx) emissions of cars.

“As you pull your foot off the throttle, what we are trying to prevent is a big hunk of air getting into the chamber without any fuel. If air gets in that way, when you do reapply throttle, it creates a lean condition (a higher than 14.7:1 air-to-fuel ratio), which generates nitrous oxides or NOx. By delaying the fuel cut-off in the cylinder, we get some fuel in there with the air to keep the mixture correct and avoid the lean condition and prevent the NOx from occurring,” Skorupski said in an explanation in Autoweek‘s report.

Engine rev hang isn’t actually limited to the VW Golf. Most modern cars are equipped with electronic throttle bodies, resulting in the catalytic converter’s better control of air/fuel ratio balance and improvement of throttle control. But the use of this technology also ushered in engine rev hang, especially felt in manual gearboxes since you’re in full autonomy.

While it can be intrusive for some, it’s good to know that engine rev hang has a positive environmental effect – no matter how marginal it sounds. 

Source: https://www.motor1.com/news/448273/vw-golf-manual-rev-hang/?utm_source=RSS&utm_medium=referral&utm_campaign=RSS-category-technology

Continue Reading
Energy2 hours ago

nexAir acquires Atlanta-based medical gas supplier

Energy2 hours ago

Sight Machine Puts the True Smart Factory in Reach With Automated Optimization of Manufacturing

Energy2 hours ago

QMC Responds to Announcement of Canadian Electric Vehicle Production

Energy2 hours ago

United States $10.63 Million Cast LDPE (Low density Polyethylene) Disposable Gloves Market to 2025: Outbreak of COVID-19 to have a Positive Impact on the Market

Cannabis3 hours ago

7 Amazing Things to Know About Cannabis for an Amazing Love Life

AR/VR3 hours ago

HTC Vive’s XR Suite for Remote Collaboration Goes Live

Energy5 hours ago

Intelligent Power Module Market revenue to cross USD 2.5 Bn by 2026: Global Market Insights, Inc.

Energy5 hours ago

FP Markets amplía su oferta de valores CFD en productos, metales e indices

Energy6 hours ago

Xinhua Silk Road: Green transformation vital for coal coking dev. and B&R energy cooperation

Energy6 hours ago

Laureat Nagrody Nobla w dziedzinie chemii oraz międzynarodowi eksperci wezmą udział w organizowanym przez CBMM wydarzeniu poświęconym produktom akumulatorowym

Energy6 hours ago

El evento de baterías organizado por CBMM reúne al premio Nobel en Química y a expertos internacionales

Ecommerce14 hours ago

VTEX and Loop Integration Fuel Project N95’s Mission to Protect…

Ecommerce14 hours ago

BrandSpark Study Reveals the Most Trusted Service, E-Commerce,…

Ecommerce14 hours ago

Manifattura Valcismon Reaches Peak Performance with Centric PLM™

Ecommerce14 hours ago

Plotch Ecommerce ERP Announces Successful Onboarding of…

Ecommerce14 hours ago

Productsup Launches ‘Productsup Academy’ to Offer Online Training and…

Covid1915 hours ago

Air Travel High: TSA Screens 1 Million For First Time Since March

Energy16 hours ago

CleanEquity® Monaco 2020 – Apresentando Empresas e Novas Colaborações

Energy16 hours ago

Steel Dynamics Reports Third Quarter 2020 Results

Energy17 hours ago

New Placer Dome Gold Corp to Webcast Live at VirtualInvestorConferences.com October 20th

Energy17 hours ago

EnLink Midstream Declares Third Quarter 2020 Distribution

Covid1917 hours ago

U.S. Borders With Canada And Mexico Will Stay Closed Another Month

Energy17 hours ago

Algonquin Completes ESSAL Acquisition

Energy19 hours ago

Global Force Sensors Markets to 2025: Improvement of Medical Devices with Force Sensor Technology will Drive the Market

Energy19 hours ago

Black Mamba Rod Lift and Oil Baron Supply Join Forces, Increasing Run-Times, Preventing Tubing Wear and Cavitation in Progressive Cavity Wells.

Energy19 hours ago

Waterproofing Systems Market by Type, Application, and Region – Global Forecast to 2025

Energy19 hours ago

$824 Million Worldwide Mobile Substation Industry to 2027 – Impact of COVID-19 on the Market

Energy20 hours ago

Georgia Power launches new careers website for students as part of Careers in Energy Week

Cleantech21 hours ago

GM Unveils Factory ZERO

Covid1921 hours ago

UNICEF To Stockpile Over Half A Billion Syringes For Future COVID-19 Vaccine

Cleantech21 hours ago

Volvo Trucks Receives Grants to Deploy VNR Electric Trucks in Southern California

Covid1922 hours ago

South Korea Eases Coronavirus Restrictions, Touts ‘Exceptional’ Success

Crowdfunding22 hours ago

Rnwl: The First Over-the-Top Insurance Platform

Energy22 hours ago

Freeport-McMoRan’s Steve Higgins Elected as Chairman of the Board of the International Copper Association

Energy23 hours ago

Nufarm and CROP.ZONE Announce Cooperation to Bring Alternative Weed Control to Major European Markets

Energy23 hours ago

Global Belt and Chain Drives Market, 2020-2024: Growth Opportunities in Collaboration & Use of Newer Materials Enabling Broader Capabilities

Energy23 hours ago

New Report Shows Critical Impact of Oil and Gas Industry in Los Angeles County

Big Data23 hours ago

Best Apps to Check Internet Speed

France
Esports23 hours ago

Python joins Heretics

Energy23 hours ago

Ultra Safe Nuclear Technologies Delivers Advanced Nuclear Thermal Propulsion Design To NASA

Trending