Written answers
Wednesday, 14 January 2015
Department of Finance
VAT Rate Increases
Brendan Griffin (Kerry South, Fine Gael)
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159. To ask the Minister for Finance the increase in VRT and VAT on new car sales in 2014 compared to 2013; and if he will make a statement on the matter. [1502/15]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the provisional increase in VRT and VAT on new registrations for 2014, compared to 2013, was €104m and €86m respectively. Those figures include the registrations of both new and used cars. The increase in VRT from new car sales was €88m while the increase in VAT was €63m.
It should be noted that the VAT figure is partially estimated and that all 2014 receipts are provisional at this time and may be subject to revision.
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