Ivan Yates
Ceist:219 Mr. Yates asked the Minister for Finance the cost of reducing the vehicle registration tax from the present level to 20 per cent for all new cars.
Written Answers. - Vehicle Registration Tax.
The present rates of vehicle registration tax are 31.8 per cent on cars with an engine capacity in excess of 2,012 ccs. and 25.75 per cent on cars with engines of a lower cc. The estimated cost, in a full year, of reducing these rates to a single rate of 20 per cent for all new cars is estimated at £7 million and £54 million, respectively, making a total of £61 million.