The Irish government is hurting from the near collapse of the country’s motor industry, as Revenue Commissioners say preliminary figures for 2009 show only €375.5 million ($524.1 million) was collected from the vehicle-registration tax. The figure is down more than €700 million ($977 million) from 2008. VRT is paid when a new vehicle is first registered in Ireland, and also applies to imported used cars. Until July 2008, it was based on a vehicle’s engine size but now is calculated ...
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