Dáil Éireann Debate, Tuesday - 27 July 2021
324. Deputy Ged Nash asked the Minister for Finance the estimated cost or saving to the Exchequer in 2022 from applying alternative tax regime for VRT that would see the number of VRT bands increase from 11 to 14 as set out by the Tax Strategy Group 2020; if he will provide a comparison with the existing VRT system in tabular form; and if he will make a statement on the matter. [39867/21]
Amharc ar fhreagraI can confirm to the Deputy that the number of Vehicle Registration Tax (VRT) bands that are applied to Category A vehicles was already increased from 11 to 20 in 2021.
The original table is presented below.
|
VRT Bands |
CO2 g/km |
VRT Rate (Petrol) |
VRT Rate (Diesel) [Effective 2019] |
|
A1 |
0-80 |
14% |
15% |
|
A2 |
81-100 |
15% |
16% |
|
A3 |
101-110 |
16% |
17% |
|
A4 |
111-120 |
17% |
18% |
|
B1 |
121-130 |
18% |
19% |
|
B2 |
131-140 |
19% |
20% |
|
C |
141-155 |
23% |
24% |
|
D |
156-170 |
27% |
28% |
|
E |
171-190 |
30% |
31% |
|
F |
191-225 |
34% |
35% |
|
G |
Over 225 |
36% |
37% |
The new VRT rates structure I legislated for in Finance Bill 2020 to replace the above is set out in tabular form below.
|
BAND |
FROM |
Rate |
|
1 |
0-50 |
7.00% |
|
2 |
51-80 |
9.00% |
|
3 |
81-85 |
9.75% |
|
4 |
86-90 |
10.50% |
|
5 |
91-95 |
11.25% |
|
6 |
96-100 |
12.00% |
|
7 |
101-105 |
12.75% |
|
8 |
106-110 |
13.50% |
|
9 |
111-115 |
14.25% |
|
10 |
116-120 |
15.00% |
|
11 |
121-125 |
15.75% |
|
12 |
126-130 |
16.50% |
|
13 |
131-135 |
17.25% |
|
14 |
136-140 |
18.00% |
|
15 |
141-145 |
19.50% |
|
16 |
146-150 |
21.00% |
|
17 |
151-155 |
23.50% |
|
18 |
156-170 |
26.00% |
|
19 |
171-190 |
31.00% |
|
20 |
Over 190 |
37.00% |
