Dáil Éireann Debate, Thursday - 27 September 2012
75. Deputy Denis Naughten asked the Minister for Finance if he will outline the way the market selling price of a motor home is calculated for the purpose of assessing the liability for vehicle registration tax; and if he will make a statement on the matter. [41127/12]
Amharc ar fhreagraI am advised by the Revenue Commissioners that the typical way that the market selling price of a motor home is calculated is by reference to market indicators such as sales advertisements for similar vehicles in the State. In addition due allowance is made for factors such as the possibility of a negotiated reduction in price and whether the appropriate VRT has already been paid. A recent photograph of a particular vehicle may also be used in the valuation process. Exceptionally, where it is considered that reliance on advertisements alone do not provide an adequate basis for valuation, or where there are no advertisements for similar vehicles, then motor caravan dealers and others involved in this trade may be consulted for an opinion. Where, as may arise in the case of newer factory-manufactured motor caravans, either advertisements or consultations are deemed to provide an insufficient basis, the valuation will be made by reference to published retail prices for similar vehicles in the UK market. In such cases a deduction will be made for UK VAT with the addition of Irish VAT and VRT.
