UK: Tax rise will average GBP300 for new car

Stay connected Subscribe to our RSS feed

The 4 January rise in UK value added tax (VAT, effectively a sales tax) from 17.5% to 20% imposed in today's emergency post-election budget will add about GBP300 to the average price of a new car, the Society of Motor Manufacturers and Traders (SMMT) told just-auto on Tuesday. Full story...