That was the target set by the Finance and Economics Committee when it introduced the new duty in last year’s budget.
Just over half way through the year, VRD has added £1.
m to States coffers – although the number of vehicle registrations is significantly down on the first six months of last year.
igures released by the Jersey Motor Trades Federation reveal that new vehicle registrations for the first six months of this year are down 22.
per cent on the same period last year.
Spokesman Peter Tabb said: ‘I’m afraid that we still feel that VRD is a flawed concept and although we accept that the States needs to raise more money, there are far more efficient and equitable ways of doing it.