Noel Harrington (Cork South West, Fine Gael)
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Question 71: To ask the Minister for Finance the factors that are considered in calculating VRT for second hand vehicles imported into the State other than the original value, the age of the vehicle, the mileage of the vehicle; if he will consider publishing these calculations as part of the receipt for VRT payments; and if he will make a statement on the matter. [15378/12]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that VRT is calculated on the basis of the Open Market Selling Price (OMSP) of a vehicle, which is defined as the price the vehicle might reasonably be expected to fetch on a first arm's length sale thereof in the State. The OMSP is determined by reference to the vehicle model, level of CO2 emissions, age, mileage, condition and any special features or characteristics, e.g. left hand drive. As such, a breakdown of the VRT charge does not arise. In the case of late registration an additional VRT charge may arise and this is shown separately on the NCTS receipt. I am also advised by the Revenue Commissioners that they publish extensive material on their website, www.revenue.ie, on all aspects of VRT, including the methodology used by Revenue to value vehicles for VRT purposes, which can be accessed online at Tax & Duty Manuals - Section 16 - Vehicle Registration Tax under Section 8 of the VRT Manual. The website also offers a VRT calculator, that enables users to estimate the VRT applying to an extensive range and age of vehicles. This calculator can be accessed online at: Vehicle Registration on-line Enquiry System.