VAT rate confuses people (UK)

Tax doesn't have to be taxing, says the advert, but it's certainly managing to confuse manufacturers, dealers, car buyers and even HM Revenue and Customs (HMRC). HMRC had originally said that the only way to avoid paying the increased rate of VAT being introduced on 1st January was to pay for the full balance of a car before the end of the year. While that remains the case, HMRC has changed its