Dáil Éireann Debate, Tuesday - 8 December 2015
172. Deputy Finian McGrath asked the Minister for Finance the additional revenue that would be generated if the band A9 vehicle registration tax rate was increased from 30% to 33.5%, if the band A10 rate was increased from 34% to 38.5%, and the band A11 rate was increased from 36% to 43%; and if he will make a statement on the matter. [44208/15]
Amharc ar fhreagraI am advised by the Revenue Commissioners that additional revenue of €4 million is estimated to be generated in a year from introducing the proposed rates of VRT for Categories E, F, and G, assuming a similar pattern of new and used car registrations in 2016 as in 2015.
In the first eleven months of 2015 these categories accounted for 0.7% of the new car registrations and 6.5% of the used car registrations which are liable to VRT.
