F&I Management & Training

Car dealers who could be due repayments for VAT incorrectly levied on demonstrator vehicles are continuing to seek advice from the National Franchised Dealers Association (NFDA). The recent House of Lords judgement on Sempra Metals Ltd related to the premature payment of corporation tax, but the decision may have a direct impact on VAT. The NFDA has been speaking to a number of sources on the situation. A Group Litigation Order (GLO) that could lead to car dealers receiving substantial repayments for VAT incorrectly levied on demonstrator vehicles has been organised and the NFDA are investigating its scope. NFDA Director Sue Robinson commented: 'We have spoken to the legal team at McGrigors who are running the recently publicised GLO. We are also speaking to PriceWaterhouseCoopers. Seeking out a range of views on the issue enables us to advise our members on the best ways forward with compound interest.

DATED: 03.09.07

FEED: AW