Written answers

Tuesday, 8 October 2019

Department of Finance

Vehicle Registration Data

Photo of Brendan SmithBrendan Smith (Cavan-Monaghan, Fianna Fail)
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52. To ask the Minister for Finance the estimated loss of revenue since 2016 due to the reduction in new car sales; the corresponding increase in imported second-hand vehicles; the measures he plans to take to protect the motor trade and its substantial employment level; and if he will make a statement on the matter. [41100/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that while there has been a shift in purchaser behaviour from new to used cars since 2016, overall Vehicle Registration Tax (VRT) receipts have increased as set out in the following table. VRT receipts for 2019 are also expected to increase on previous years based on trends to September.

However, Value-Added Tax (VAT) receipts in the sector have fallen relative to 2016 due to the reduction in the number of new cars sold.

YearNew Cars RegisteredUsed Cars RegisteredVRT (New Cars)VRT (Used Cars)Total VRTTotal VAT
€m€m€m€m
2016141,66069,301588177765750
2017126,62891,033552247799706
2018121,09298,415559271830699
2019 (9 months)110,02381,115582234816658

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