Tuesday, 24 September 2019

Ceisteanna (91)

David Cullinane

Ceist:

91. Deputy David Cullinane asked the Minister for Finance the estimated revenue raised by an increase of the VRT surcharge on imported diesel cars new and second-hand from 1% to 5%, 10%, 15%, 20%, 40% and 50%. [38693/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that the estimated additional revenue that could be raised in a full year from the proposed increases are shown in the following table. These estimates are based on the trends in diesel cars in 2019 and do not take into account any subsequent change in behaviour due to the increased duty on diesel cars. However, given the large increases proposed it is highly unlikely that the estimated revenue would be fully achieved.

New Rate

5%

10%

15%

20%

40%

50%

€m

123

276

430

583

1,197

1,504