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A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
And while the NFDA said that it anticipates Government will factor in a solution in its upcoming Budget – hopefully delivering a VAT rebate for retailers at a later date – NI dealers remain “totally disadvantaged by the problem”, according to Shelbourne Motors director Paul Ward (pictured, right, with fellow directors Richard Ward and Caroline Wallis).
“We are lobbying all our local representatives to challenge with the treasury,” said Ward, one of many franchised retailers who import roughly 10,000 cars a year into NI from the mainland UK.