andMr. Griffin asked the Minister for Finance the actual amount of revenue received annually through the sale of motor vehicles from 1970 to date.
Ceisteanna—Questions. Oral Answers. - Motor Vehicle Revenue.
16.
As the answer is in the form of a tabular statement I propose, with the permission of the Ceann Comhairle, to circulate it with the Official Report. The figures are as follows:
|
Year ended |
Customs/ Excise Duty |
VAT |
|
£m |
£m |
|
|
31 March 1970 |
8.643 |
— |
|
31 March 1971 |
10.040 |
— |
|
31 March 1972 |
10.453 |
— |
|
31 March 1973 |
14.884 |
— |
|
31 March 1974 |
16.258 |
— |
|
9 months ended |
||
|
31 Dec. 1974 |
12.185 |
— |
|
Year ended |
||
|
31 Dec. 1975 |
16.659 |
28.0 |
|
31 Dec. 1976 |
26.195 |
38.4 |
|
31 Dec. 1977 |
36.597 |
65.6 |
|
31 Dec. 1978 |
60.249 |
94.3 |
Footnotes
(1) The figures represent the receipts from customs and excise duties and VAT on motor vehicles, private and commercial, and their parts and accessories including tyres, home-produced and imported.
(2) Separate figures for VAT on motor vehicles are not available for years prior to 1975; for those years motor vehicles were included under the same rate of VAT as other goods and traders were not required to distinguish them in their returns. The VAT figures for the years 1975et seq. are estimated having regard to such matters as the extent to which vehicles qualify for relief in respect of use for business purposes.
17.
andMr. Griffin asked the Minister for Finance the amount of the total cost of (a) imported and (b) home assembled motor cars which is purchase tax and VAT.
Motor cars are liable to the same rates of excise duty and value-added tax whether they are imported or home assembled. On average, these taxes are estimated to account for approximately 29 per cent of the recommended retail list price of a motor car.