Motoring

Cost of imported second-hand cars set to fall due to Windsor Framework

New scheme due to come into effect for car dealers in Northern Ireland on May 1, it will be rolled out for Irish dealers in August

Windsor Framework deal will result in Vat refunds on imported used cars

The cost of importing second hand British cars into Ireland is due to be reduced by around 16 per cent as a result of the Windsor Framework agreement.

The move could help to improve the availability of second hand cars and reduce the rapid increase in second hand car prices.

Since the Brexit transition period ended in January 2021, car dealers in Ireland and Northern Ireland have had to pay a 21 per cent Vat ...