- Deadline for VAT margin scheme for second hand cars is 30 April 2024
- VAT will be charged on full selling price if sold after deadline
- Many dealers experiencing delays in selling vehicles for various reasons
- Chartered Accountants Ireland gathered evidence from local car dealers
- Institute met with HMRC to discuss evidence and potential solutions
- HMRC insists deadline will not be extended for “legal certainty”
Source: charteredaccountants.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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