ITIC has predicted that the lack of an adequate supply of cars on the rental fleet this year could lead to a serious loss of business, particularly in the peak season.
It has called on the Government to address the issue in the Finance Act by introducing three remedial self-financing measures:
- Postponing the proposed elimination of the Vehicle Registration Tax (VRT) refund.
- Introduction of a stimulus package.
- Extension of the scrappage scheme to 2010 registered cars coming off this year’s fleet.
March 9th 2010