VAT Due to return to 17.5%

VAT Increase

The VAT rate is planned to return to 17.5 per cent soon and as we get closer to that day, there is a risk that some customer orders will not be deliverable in time to take advantage of the temporary 15 per cent VAT rate.

The standard rate of VAT was reduced from 17.5 per cent to 15 per cent, on 1 December 2008. It is planned to return to 17.5 per cent from 1 January 2010 and, combined with increased recent demand and the planned production levels on many model lines, this may mean that the increase in VAT will come into effect before some vehicles can be supplied.

Please remember that the earliest factory delivery dates are given as an indication only and are subject to change and variation due to options ordered. These lead times should not be used as a guaranteed delivery date. Buy a new car aims to open an honest dialogue with customers before they commit to a purchase, therefore, from today all orders due in December onwards will state that the balance due will be subject to the new VAT level if registered from January 1^st onwards.

Any VAT rate change that is implemented in the future will be passed on to customers as a change to the retail price. Price protection does not cover taxation changes announced by Her Majesty's Revenue and Customs (HMRC).

Any questions just give our sales team a call on 08456123341.

Tags: New cars | | Discounted cars

This entry was posted on 27 November 2009 at 10:49 and is filed under Industry News. You can leave a response here.

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