Written answers
Wednesday, 3 October 2007
Department of Finance
Tax Yield
8:00 pm
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 151: To ask the Tánaiste and Minister for Finance the amount of VRT that was recovered by the Exchequer in respect of the sale of motor vehicles for each month in 2007; the proportion of vehicle sales that occurred in the first quarter of 2007 as against the rest of the year; and if he will make a statement on the matter. [22064/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that approximately 58% of net registrations of new cars for VRT to date in 2007 (end August) took place in the first quarter of the year. The number of net registrations of new cars for VRT in 2007 to date represents an increase of over 5 per cent compared to the same period in 2006.
The table below provides information regarding the number of net registrations of cars for VRT and the amount of VRT collected in each month in 2007 to date.
Month | New Net Registrations | VRT | Used Net Registrations | VRT | Total Net Registrations | Total VRT |
Jan. | 45,071 | 324,715 | 4,922 | 14,678 | 49,993 | 339,393 |
Feb. | 25,966 | 178,477 | 4,527 | 13,687 | 30,493 | 192,164 |
March | 27,385 | 182,889 | 4,679 | 14,537 | 32,064 | 197,426 |
April | 16,409 | 120,075 | 4,682 | 14,114 | 21,091 | 134,189 |
May | 19,938 | 142,512 | 5,256 | 16,790 | 25,194 | 159,302 |
June | 14,796 | 107,049 | 4,699 | 15,391 | 19,495 | 122,440 |
July | 12,631 | 87,771 | 4,594 | 15,069 | 17,225 | 102,840 |
August | 8,463 | 61,231 | 4,616 | 15,295 | 13,079 | 76,526 |
TOTAL | 170,659 | 1,204,719 | 37,975 | 119,561 | 208,634 | 1,324,280 |
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