Alan Kelly (Tipperary, Labour)
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30. To ask the Minister for Finance the amount of revenue that would be generated if the late registration fee of 0.1% was increased to 0.45% for each day over 30 days for which vehicles remain unregistered for VRT based on 2023 figures. [9533/24]

Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that a VRT late charge is calculated when a vehicle has not been registered within the specified time limit of 30 days. The total amount of VRT due and payable is increased by the addition of the VRT late charge.

The VRT late charge is calculated using the formula A x P x N, where ‘A’ is the amount of vehicle registration tax calculated, ‘P’ is 0.1 per cent and ‘N‘ is the number of days from the date the vehicle entered the State to the date of registration of the vehicle.

Using this method of calculation, €1,094,275 was applied in VRT late charges in 2023.

Based on the 2023 figure, an increase in the rate from 0.1% to 0.45% would generate VRT late charges of €4,924,238.