As the 15% VAT rate is set to return to the higher 17.5% rate at the end of this week, a record number of shoppers have hit the UK high streets, shopping centers and car showrooms over the Festive season.
On January 1st 2010 the VAT rate will return to 17.5%, meaning a £10,000 new car… »
Archive for December, 2009
Record Car Buyers Speed To Showrooms Before VAT Rise
Monday, December 28th, 2009Car Scrappage Rush Before VAT Rise
Sunday, December 6th, 2009New car registrations were up 57% in November compared to the same period in 2008 as buyers rushed to take advantage of the Government’s car scrappage scheme before VAT reverts to 17.5% in the new year.
Of the 158,082 sales last month, 21.6% were attributable to the car scrappage scheme, which is due to end in February or… »
December 6th, 2009 | Tags: AA, car, Everitt, Government, greener, incentive, Mandelson, manufacturers, RAC, registrations, scheme, scrappage, VAT