Jack Wall (Kildare South, Labour)
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Question 21: To ask the Tánaiste and Minister for Finance if the changes to the vehicle registration tax regime due to come into force are expected to be revenue neutral for 2008 and for subsequent years; and if he will make a statement on the matter. [15610/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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As outlined in Annex D to the Summary of 2008 Budget Measures, the revised VRT system to take greater account of CO2 emissions is being introduced on a broadly revenue neutral basis. It is being introduced as an environmental measure and not to increase the revenue yield from the purchase of cars. Neither, of course, is the VRT revision meant to result in a loss in revenue from VRT, all other things being equal. The performance of VRT will be kept under review as part of ongoing policy analysis in the context of the annual Budget.