In his 2010 Emergency Budget the Chancellor announced an increase in the standard rate of VAT from 17.5 per cent to 20 per cent.
The headline VAT increase won't actually start hurting until 4 January next year, giving all of us plenty of time to ensure we buy those things we need – including cars - before then to avoid paying an extra 2.5p for every pound we spend.
What that means is that a car that costs £15,000 today will cost you £15,375 – an extra £375, which is a significant saving, if all you have to do is buy before January 4th 2011.
The Donnelly Group has an incredible range of vehicles on sale across Northern Ireland to suit all needs and budgets – and we are keen to help you beat the VAT increase.
Call into your local showroom and we will be delighted to help you make those all-important savings.