Volkswagen calls for VAT cut extension
Volkswagen MD says VAT cut should be extended to June.
Volkswagen Group Ireland is calling on the Irish Government to extend the current cut in the VAT rate in order to help struggling car dealers.
Keep the VAT cut till June
With sales in freefall, thanks to the current COVID lockdown (following a 2020 where new sales fell by 24 per cent) Volkswagen reckons that the temporary cut in VAT from 23 to 21 per cent should be kept going until June. As of right now, it's due to revert to 23 per cent at the end of February.