Tag Archive
Record Car Buyers Speed To Showrooms Before VAT Rise
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… »
Car Scrappage Rush Before VAT Rise
New 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… »
Warning of Serious Blow to UK Car Industry
“If the scheme ends in October and is followed by a 2% increase in VAT in January it will be a serious blow to the British car industry that’s just getting back on its feet.” warns Paul Everitt, CEO – SMMT.
Executives from the motor industry met with Business Secretary Lord Mandelson last week and called… »
Car Scrappage Scheme – The Week That Was In Video
The Sky News article highlighted some interesting pointers for potential consumers…. »
VAT Dispute Affects Scrappage Scheme Car Dealers
Car buyers planning on purchasing new cars through the Government’s Car Scrappage Scheme may find they’re unable to drive-off the forecourts when the scheme goes live on Monday 18th May, due to a VAT row between manufacturers and the Government.
Manufacturing bosses are claiming the Car Scrappage Scheme has plunged into chaos due to a Government… »