Austin Deasy
Question:171 Mr. Deasy asked the Minister for Finance the way in which tax rates for cars involving VAT and VRT in England compare with rates here; and if he will make a statement on the matter. [31727/01]
Written Answers. - Motor Taxation.
I assume the Deputy refers to taxes on car purchase or registration. The standard rate of VAT of 20% applies to all new cars sold in Ireland. The standard rate will increase on 1 March 2002 to 21%. The standard rate of VAT in the United Kingdom is 17.5% and this applies to all new cars. There is no tax directly similar to VRT in the United Kingdom.