Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Since 1 May 2023, the UK Government has introduced a new scheme known as the second-hand motor vehicle payment scheme. The new scheme allows car dealers who are VAT registered in Northern Ireland and other member states to reclaim the VAT element of the vehicle cost if the vehicle is purchased in Great Britain and removed or exported from there by the purchaser or by the Great Britain dealer. This means that Irish car dealers will now be in the same position as Northern Irish car dealers when purchasing a qualifying vehicle from Great Britain. In light of the UK’s very recent introduction of the second-hand motor vehicle payment scheme, Revenue is currently considering its impact and I expect updated guidance to be published shortly.

I thank the Ceann Comhairle for his forbearance.

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