Written answers
Wednesday, 26 January 2005
Department of Finance
Tax Yield
9:00 pm
Paul McGrath (Westmeath, Fine Gael)
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Question 381: To ask the Minister for Finance the amount of VAT collected annually on the sale of parts for the motor industry. [1848/05]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the amount of VAT collected in respect of the sale of parts by the motor industry cannot be identified in the overall yield of VAT, as the information furnished on VAT returns from the industry does not require this to be identified. The only relevant information available regarding VAT on motor parts is in respect of the purchase of car accessories for which the VAT yield in 2004 is estimated at €28 million and in respect of car repairs for which the VAT yield, including the VAT collected in respect of labour, is estimated at €34 million.
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