Dáil Éireann Debate, Wednesday - 6 June 2012
85 Deputy Ciarán Lynch asked the Minister for Finance when the current review of vehicle registration tax and motor tax will be completed; when the results will be published; and if he will make a statement on the matter. [26773/12]
Amharc ar fhreagraAs the Deputy will be aware Budget 2012 announced a public consultation to review options for the improvement of VRT and Motor Tax revenue in future years, in the context of a fall in VRT yields from €1.4bn in 2007 to €387m in 2011.
The closing date for receipt of submissions under the public consultation process was 1 March 2012. 34 submissions were received, 12 of which were from representative organisations or firms with the remainder from individuals. While there was a general welcome for the consultation process, the views varied considerably from those supporting the immediate removal of VRT to a restructuring of the existing system.
My officials are currently in the process of meeting industry representatives and developing options in consultation with the Revenue Commissioners and the Department of Environment, Community and Local Government.
