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Dáil Éireann debate -
Tuesday, 7 Feb 1995

Vol. 448 No. 6

Written Answers. - Importation of New Motor Cars.

Séamus Hughes

Question:

61 Mr. Hughes asked the Minister for Finance the total number of new motor cars imported in each of the years 1990 to 1994; and the total amount of exchequer earnings on an annual basis relating to the importation of these vehicles. [2533/95]

Prior to 1993, excise duty was chargeable when such cars were removed from warehouse and generally this would occur immediately before delivery to the buyer. Since the beginning of 1993, when the VRT system was introduced, VRT on new cars is chargeable at the time of registration. VAT has always been collected on sales of new cars. For these reaons, new car registrations, rather than imports, provide the most useful measurement of activity in the new car market. New car registrations and estimated total Exchequer receipts therefrom for the years 1990 to 1994 are as follows:

Year

Number of New Car Registrations

Estimated Total Exchequer Receipts

£m

1990

83,420

403

1991

68,533

321

1992

67,861

315

1993

64,275

258

1994

80,391

347

The registrations for 1990 to 1993 are taken from CSO new car registration statistics. The figures for 1993-94 are the actual numbers of new cars registered for the purposes of collecting VRT.
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