Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that the VAT paid on second hand vehicles entering Northern Ireland from Great Britain is solely for the profit made rather than on the sale price of the vehicle after the transition period.

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.