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£1 million additional revenue expected from increase in vehicle duty

Saturday, 11 February 2023 at 12:00

DoI planning to hike car tax by 10 per cent

The infrastructure minister has predicted the proposed increase to vehicle tax will generate approximately £1 million extra.

£14 million is currently collected each year which goes into Tynwald's general revenue fund.

The Department of Infrastructure wants to increase tax by 10 per cent - the plans will go before Tynwald in March.

Just over £6-million is spent on the people, materials and services needed to maintain the Island's roads.

Chris Thomas says many of the larger infrastructure schemes are paid for as capital projects:

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