Making it easier for business to lease
We are calling for the International Accounting Standards Board (IASB) to keep their proposed new lease accounting rules simple, to avoid unnecessary costs for relevant lessees. The UK’s Accounting Standards Board and HM Revenue and Customs (HMRC) also need to ensure that changes to accounting and tax rules for small and medium-sized companies subsequent to the launch of the IASB’s new rules are well-designed.
Additionally any measures put in place by HMRC to combat tax avoidance should be designed to avoid any detrimental impact on genuine leasing activities.
Making it easier for public authorities to lease
We are calling for clearer guidance and rules to help public authorities, including schools and hospitals, to make successful use of leasing. Public authorities should not be obliged to use only shorter-term (operating) leases where longer-term (finance) leases offer better value.
Making it easier for leasing companies to offer good deals
Planned changes to financial sector regulation - including new capital requirements rules, ring-fencing of banks, shadow banking and a possible financial transactions tax - need to avoid imposing unnecessary expense or restrictions on lessors. We are working with the relevant regulators to help ensure that the new regulations are well-designed.
- Leasing in Schools - Need for review of Department for Education's Guidance
- Managing Cash When It's Time to Invest
- SME voices: financial needs, options and realities
- FLA-supported Open University survey on SME's views on capital allowances
- Winchester Business School Research
- Role of leasing in the UK's economic recovery
- Asset finance for decentralised energy
- FLA Briefing for Parliamentary Candidates
- 'Rusting Britain' factsheet
- FLA Election Manifesto
- FLA Manifesto: Business finance
- FLA Manifesto: NHS finance
- FLA Manifesto: Carbon reduction