Tax Code

Dáil Éireann Debate, Thursday - 6 April 2017

Thursday, 6 April 2017

Questions (118)

Róisín Shortall

Question:

118. Deputy Róisín Shortall asked the Minister for Finance the corresponding increase in road tax required to fund a reduction in current VRT rates by 50%. [17408/17]

Written answers

Minister for Finance

I am informed by Revenue that a 50% reduction in the current VRT rates based on the registrations for 2016 would result in an estimated loss of revenue of €380m.

I am informed by the Department of Housing, Planning, Community and Local Government that motor tax receipts for 2016 were €1,052m. Theoretically, it could be projected that a 36.1% increase on these receipts would equate to €380m.