European Union:
HMRC Announce New Second Hand Motor Vehicle Export Refund Scheme
08 June 2022
Hillier Hopkins
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The Government have announced a new scheme to claim a VAT refund
if you buy second-hand motor vehicles in Great Britain and move
them to Northern Ireland or the EU for resale.
The second-hand motor vehicle export refund scheme is intended
to be introduced on 1 October 2022.
The scheme will allow you to claim a refund of VAT if you move a
second-hand motor vehicle from Great Britain (England, Scotland and
Wales) to Northern Ireland for resale.
If you're a car dealer who sells motor vehicles in Northern
Ireland, you will soon have to use the scheme if you:
- buy vehicles in Great Britain and move them to Northern Ireland
for resale
- currently use the VAT margin scheme for those sales
You may also be able to use the refund scheme if you:
- are VAT registered in the EU
- buy second-hand vehicles in Great Britain and export them to
the EU for resale
You can find out more on the HMRC website.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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