Michael Joe Cosgrave
Ceist:84 Mr. Cosgrave asked the Minister for Finance the proportion of the retail price of a car which accrues to the State; and if he will indicate the various taxes or duties which apply.
Vol. 401 No. 4
84 Mr. Cosgrave asked the Minister for Finance the proportion of the retail price of a car which accrues to the State; and if he will indicate the various taxes or duties which apply.
It is assumed the Deputy is referring to the retail price of a new car in the State.
The proportion of the recommended retail selling price which accrues to the State from motor vehicle excise duty on a motor car is 24.7 per cent in respect of a car with an engine capacity exceeding 2,012 cubic centimetres and 21.7 per cent in respect of other cars.
In addition value-added tax is charged at the rate of 23 per cent on the VAT exclusive sale price of a car, giving a rate of 18.7 per cent on the VAT inclusive price.