VRT changes 'could encourage imports of large cars'

Ernst & Young's John Heffernan has said that the VRT changes announced in today's Budget will cause massive distortion in the new car market in the first six months of the year.

Wed, 05 Dec, 2007 - 19:19

Ernst & Young's John Heffernan has said that the VRT changes announced in today's Budget will cause massive distortion in the new car market in the first six months of the year.

Mr Heffernan said: "For example, the VRT increase on a large 3-litre SUV with a retail price of €80k will be in the region €5,000.

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CourtsBudgetBudget 2008Place: IrelandPlace: UKPerson: John HeffernanPerson: HeffernanPerson: CowenOrganisation: VRTOrganisation: Ernst & YoungOrganisation: EU
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