Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to address the loss of access to the VAT Margin Scheme as a consequence of the Ireland/Northern Ireland Protocol for (a) cars sourced in Great Britain and sold in Northern Ireland by car dealers and (b) the consequent increase in costs of cars to consumers.

The Northern Ireland Protocol frames the approach to VAT on goods, including the second-hand margin scheme, in Northern Ireland. As is the case for tax policy generally, the Government is keeping this under review.