Motor industry seeks VRT reduction in December budget
04/10/2005 - 10:08:17The body representing the motor trade in Ireland is seeking a reduction in vehicle registration tax in the upcoming budget.
The Society of the Irish Motor Industry said the tax was currently making cars sold in Ireland 30% more expensive than other EU states.
It said the Government was set to take in €120m more than expected in VRT this year because of an increase in the sale of new cars and this money should be returned to motorists in the form of a tax reduction in December's budget.
SIMI said the European Commission had asked the Government to phase out VRT over a 10-year period, but the request had so far been ignored.
