Financial Resolution No. 4 addresses an unanticipated consequence of a provision introduced in the Finance Act 2010 which was to amend section 130 of the Finance Act 1992, whereby a small number of light commercial vehicles which would previously have been charged at the category C VRT rate of €50 will from 1 January 2011 without this amendment be charged the category B rate of 13.3% of the open market selling price. In order to rectify this anomaly and ensure that these vehicles will continue to retain the low VRT rate, it is necessary to amend the charging provisions for category C vehicles to ensure that such light commercial vehicles remain within that category.

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