Oireachtas Joint and Select Committees

Thursday, 19 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 – Office of the Revenue Commissioners
Central Fund Related Accounts - Revenue Account 2019

11:30 am

Mr. Niall Cody:

The Deputy also asked how much is raised from VRT. From the point of view of the accounts, VRT is treated as an excise duty so it is incorporated in the €5.5 billion figure in that regard. VRT runs at approximately €1 billion but we can give the Deputy the actual breakdown. Most VRT actually comes from new cars but the majority of the work involved in VRT comes in respect of the importation of second-hand cars.