Dáil debates
Tuesday, 7 December 2010
Financial Resolution No. 4: Excise (Vehicle Registration Tax)
The taking together of Financial Resolutions Nos. 1 to 4, inclusive, was agreed by the House in the vote on the allocation of time motion. Financial Resolution No. 1, relating to mineral oils, petrol and diesel, provides for an increase with effect from midnight tonight to the rates of mineral oil tax on petrol and auto diesel which, when VAT is included, amounts to 4 cent on a litre of petrol and 2 cent on a litre of auto diesel. The rate of aviation gasoline, which is aligned to the petrol rate, and the rates for heavy oil use for non-commercial navigation and flying, which are aligned to the auto diesel rate, are increased accordingly. The expected yield from these increases, inclusive of VAT, is approximately €106 million in a full year. These measures will increase the consumer price index by approximately 0.13%.
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