Written answers
Tuesday, 31 March 2015
Department of Finance
Vehicle Registration
Brendan Griffin (Kerry South, Fine Gael)
Link to this: Individually | In context | Oireachtas source
263. To ask the Minister for Finance if registered TAN holders will be notified of impending increases in vehicle registration tax due amounts in respect of vehicles the TAN holders have had pre-inspected for vehicle registration tax purposes, in order to allow the TAN holders to incorporate the tax increases into sale prices in view of the fact that the current method whereby the Revenue Commissioners' increasing of vehicle registration tax due amounts with no advance notice is forcing TAN holders to absorb tax hikes, often turning marginally profitable transactions into loss-making transactions; and if he will make a statement on the matter. [12922/15]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am advised by the Revenue Commissioners that the valuation of a vehicle provided at the time the pre-registration inspection is completed normally holds at the time of registration. However, on occasion the value may change if valuations for certain categories of vehicles are adjusted as part of the regular reviews undertaken by Revenue to ensure that VRT is charged on the most up to date and accurate valuations possible. Following the pre-registration inspection, TAN holders can check the value of the vehicle for VRT purposes at any time to see if there has been any adjustment, and TAN holders have been advised to do so using the VRT Calculator ().
I am informed by the Revenue Commissioners that they are satisfied that the current system provides TAN holders with the means to establish the correct VRT liability when making a sale.
No comments