Written question asked by Colum Eastwood (Social Democratic & Labour Party) on Wednesday, 18 November 2020, in the House of Commons. It was due for an answer on Monday, 23 November 2020 (named day). It was answered by Jesse Norman (Conservative) on Monday, 23 November 2020 on behalf of the Treasury.

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Motor Vehicles: Northern Ireland

Question

To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that the VAT paid on second hand vehicles entering Northern Ireland from Great Britain is solely for the profit made rather than on the sale price of the vehicle after the transition period.

Answer

The Northern Ireland Protocol frames the approach to VAT on goods, including the second-hand margin scheme, in Northern Ireland. As is the case for tax policy generally, the Government is keeping this under review.

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Secondary information

Type

Written question

Reference

117394

Session

2019-21

Subjects

Motor vehicles Northern Ireland VAT Secondhand goods Brexit UK internal trade

Link

View this Written question on www.parliament.uk