198 Deputy Richard Bruton asked the Minister for Finance if his attention has been drawn to the fact that under a VAT claw-back scheme, car dealers are forced to pay VAT on the value at which second-hand cars were brought into stock even if they are forced to sell these cars at a significant discount from the original price and that discounts are having to be made to sell second-hand cars; and his views on the various proposals put forward by the industry to remedy this problem. [11657/09]

Summary

198 Deputy Richard Bruton asked the Minister for Finance if his attention has been drawn to the fact that under a VAT claw-back scheme, car dealers are forced to pay VAT on the value at which second-hand cars were brought into stock even if they are forced to sell these cars at a significant discount from the original price and that discounts are having to be made to sell second-hand cars; and his views on the various proposals put forward by the industry to remedy this problem. [11657/09]

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Timeline

1. 24 March 2009

   Tax Code.

   198 Deputy Richard Bruton asked the Minister for Finance if his attention has been drawn to the fact that under a VAT claw-back scheme, car dealers are forced to pay VAT on the value at which second-hand cars were brought into stock even if they are forced to sell these cars at a significant discount from the original price and that discounts are having to be made to sell second-hand cars; and his views on the various proposals put forward by the industry to remedy this problem. [11657/09]

   Source: written

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• Tax Code.

  xml · EN · 24 March 2009

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• Richard Bruton · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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