Car buyers keen for VAT to be frozen at 15%
Wednesday December 9, 2009
Most car buyers in the UK would prefer the VAT rate to be kept at 15 per cent, a new survey has found.
A poll conducted by car supermarket Motorpoint found that over half (60 per cent) would like chancellor Alistair Darling to freeze the current VAT rate in the New Year.
Most of the 1,500 respondents said they would prefer a reduced VAT rate to the car scrappage scheme being extended so they could save themselves hundreds of pounds when buying a new or almost new car.
David Shelton, managing director of Motorpoint, said: "Unlike the scrappage scheme, keeping VAT at 15 per cent would benefit all car buyers, saving them hundreds of pounds at a time when they need it most.
"Let’s hope the chancellor delivers some good news on the VAT front in [the] pre-Budget report."
A recent poll conducted by Auto Trader found that millions of Britons were unaware that the government’s car scrappage scheme is scheduled to come to an end in February next year.
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