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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.
How to make the most out of furlough until April
6 January 2021 |
by FarmingUK Team | Finance, News
The furlough scheme has been extended to the end of April (Photo: WILL OLIVER/EPA-EFE/Shutterstock)
Accountancy firm MHA MacIntyre Hudson has issued advice on how farming and rural businesses can make the most out of furlough until April 2021.
The latest lockdown announced on 4 January means employers and employees will be depending on the furlough scheme until the scheme s end date in April.
Nigel Morris, employment tax director at MHA MacIntyre Hudson, said companies can handle the complexity if they follow a few important rules.
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