Written answers
Tuesday, 26 June 2007
Department of Finance
Tax Code
10:00 pm
Brian O'Shea (Waterford, Labour)
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Question 133: To ask the Tánaiste and Minister for Finance his proposals to weight vehicle registration tax in favour of cars with lower emissions; the estimated annual cost of this proposal; and if he will make a statement on the matter. [17167/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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In my 2007 Budget Statement, I announced that I planned to introduce changes to the current VRT system to take greater account of environmental issues, and in particular Carbon Dioxide (CO2) emissions. The Programme for Government re-affirms this commitment.
A public consultation in this regard has taken place. Work on the matter is ongoing and a range of possible options are being considered at this stage. It is intended that the changes made to the VRT system will be broadly revenue neutral.
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