Gerald Nash
Question:273. Deputy Ged Nash asked the Minister for Finance the estimated savings to the Exchequer from ending relief to conventional hybrids in 2021; and if he will make a statement on the matter. [23737/20]
View answerDáil Éireann Debate, Tuesday - 15 September 2020
273. Deputy Ged Nash asked the Minister for Finance the estimated savings to the Exchequer from ending relief to conventional hybrids in 2021; and if he will make a statement on the matter. [23737/20]
View answerI am advised by Revenue that the estimated savings to the Exchequer from ending the current Vehicle Registration Tax (VRT) relief on conventional hybrid electric and plug-in hybrid electric vehicles in 2021 is estimated to be in the region of €13 million. This estimate is based on activity to date in 2020 and as such is subject to a higher degree of uncertainty than most years, with the volume of car registrations in 2020 negatively impacted by COVID-19.