Search Results for: cars

BY KEITH NUTHALL
INTERNATIONAL financial experts have concluded that the insurance industry is particularly vulnerable to being exploited by money launderers, calling for an in depth study into how organised crime is abusing the sector.

A report from the Financial Action Task Force (FATF) of the Organisation for Economic Cooperation and Development (OECD) has concluded it is “necessary to better understand how and to what degree the various parts of the insurance sector could be used by money launderers.”…

BY KEITH NUTHALL
AN INTERNATIONAL accord providing for joint-research projects on transport air pollution has been struck by the European Union (EU), the United States, Japan and China. Aimed at creating a global system to measure such emissions, the deal will provide for joint vehicle testing and should lead to the next generation of European emission standards for passenger cars and light vans.…

BY KEITH NUTHALL
A EUROPEAN Commission proposal to establish a European Union (EU)-wide electronic road toll system has been attacked by the European Parliament’s transport committee, which has claimed that Brussels’ planned introduction deadlines are “too ambitious.” The Commission wants an interoperable tolling system in place for lorries, buses and coaches by 2005 and 2010 for cars.…

BY KEITH NUTHALL
A BRITISH VAT regulation simplifying tax returns relating to company cars could effectively be declared illegal next year by the European Court of Justice (ECJ). The rule involves Customs & Excise restricting to 50 per cent, the proportion of company car hiring or leasing charges that can be declared as a business expense on VAT returns, leading to a reduction in a business’ VAT bill.…

BY KEITH NUTHALL
BINDING energy conservation targets have been proposed for European Union (EU) Member States by the European Commission, a move that could further tighten fuel economy rules for Europe’s transport sector. Brussels has proposed a general energy saving target of one per cent a year from 2006-12, measured against average energy distribution from the previous five years.…

BY KEITH NUTHALL
A BRITISH VAT regulation simplifying company car VAT returns could effectively be declared illegal next year by the European Court of Justice (ECJ). The rule involves Customs & Excise restricting to 50 per cent the proportion of company car hiring or leasing charges that are declared as a business expense and freeing a businesses hiring or leasing cars from having to keep records of private mileage.…

BY KEITH NUTHALL
THE UNITED Nations Economic Commission for Europe (UNECE) and the European Union (EU) are to introduce a new manufacturing standard in Europe, reducing the flammability of materials – including textiles – used inside cars. The draft UNECE regulation (which the EU is expected to support) covers “the burning behaviour of materials…ensuring a high level of safety and environmental protection.”…

BY KEITH NUTHALL
BINDING energy conservation targets have been proposed for European Union (EU) Member States by the European Commission, a move that could further tighten fuel economy rules for Europe’s transport sector. Brussels has proposed a general energy saving target of one per cent a year from 2006-12, measured against average energy distribution from the previous five years.…

BY KEITH NUTHALL
A EUROPEAN Union research network says it has created tough thermoplastic lampposts that absorb energy in a collision and so could save hundreds of lives across Europe. In the UK alone, said the EUREKA-group, more than 500 motorists are killed each year, hitting roadside objects such as lampposts, usually made from metal, concrete or occasionally fibre-glass.…

BY KEITH NUTHALL
THE UNITED Nations Economic Commission for Europe (UNECE) and the European Commission are teaming up to introduce two new manufacturing standards in the European Union (EU): one on anti-theft protection and another on reducing the flammability of materials used inside cars.…