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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.
Click the thumbs up >Dealers prospects for 2021, business opportunities and retailing in a post-Brexit, post-FCA changes market, are all topics for discussion with the AM Motor Retail Review webinar panellists this afternoon at 2pm.
AM readers can watch the 45-minute webinar free by registering here. Registration also allows you to watch on demand after this afternoon.
Chaired by AM editor Tim Rose, the January AM Motor Retail Review webinar panellists are:
Louise Wallis, head of business management at the National Franchised Dealers Association
Adrian Dally, head of motor finance at the Finance & Leasing Association
Darren Ardron, managing director of AM100 group Perrys Motor Sales
Click the thumbs up >Car auctions have indicated that it will remain business as usual for stock-sourcing dealers during the latest COVID-19 lockdown across the UK.
Members of the National Association of Motor Auctions (NAMA) told the trade body that lockdowns announced for England and Scotland on Monday (January 4) would not restrict their ability to trade online despite the closure of non-essential retail.
Auctions were part of a lockdown exemption list detailed in Government lockdown legislation posted on the gov.uk website following Boris Johnson’s national address.
Head of NAMA, Louise Wallis, said: “NAMA members continue to follow the Government guidance to ensure the safety of their staff and customers, which is the priority.