VATupdate

Liberal Democrats will cut VAT on electric cars to 5 percent

The party’s manifesto pledges to ‘tackle the clean air crisis, meet the challenge of climate change, improve people’s health, stimulate local and regional prosperity and develop British zero-carbon industries with benefits for jobs, growth and exports’.

The electric car tax proposal is a bold move. The current rate of VAT for the purchase of a private car is 20 percent.

Source: motoringresearch.com