Northern Ireland Protocol: Implementation Proposals

Part of the debate – in the House of Commons at 12:45 pm on 18th November 2020.

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Photo of Kerry McCarthy Kerry McCarthy Shadow Minister (Transport) 12:45 pm, 18th November 2020

There are concerns that the end of the margin scheme could destroy the Northern Irish second-hand car market because VAT would then have to be paid on the full purchase price of cars from GB, not just the profit. Does the Minister think that we can expect this to be resolved during negotiations, or if not, what impact does he think that it will have on the car market in Northern Ireland?