Róisín Shortall
Ceist:118. Deputy Róisín Shortall asked the Minister for Finance the corresponding increase in road tax required to fund a reduction in current VRT rates by 50%. [17408/17]
Amharc ar fhreagraThursday, 6 April 2017
Ceisteanna (118)
Freagraí scríofa
I am informed by Revenue that a 50% reduction in the current VRT rates based on the registrations for 2016 would result in an estimated loss of revenue of €380m.
I am informed by the Department of Housing, Planning, Community and Local Government that motor tax receipts for 2016 were €1,052m. Theoretically, it could be projected that a 36.1% increase on these receipts would equate to €380m.