All articles by Sheena Rossiter

Sheena Rossiter

Industry bracing for VAT increase

With VAT rising to 20 percent in the UK in 2011 meaning vehicles that cost £10,000 will cost consumers an extra £500 the automotive industry confidently expects a surge in sales as 2010 comes to a close. Nevertheless, automotive expert Colin Tourick has predicted the VAT hike will actually cause a brief spike in sales in the first days of 2011, before the increase comes into play on 4 January.