Luxury car tax gap

The luxury car tax (LCT) gap is the theoretical LCT payable, minus the actual LCT payable.

Key findings

  • The net LCT gap in 2013–14 is estimated to be $15 million or 3.3% of theoretical LCT payable. This is an improvement on previous years’ results, in part due to increased case work from our data-matching program.
  • The gross gap is estimated to be 4.8%.
  • The VCR by value is estimated to be 92% of theoretical revenue.
    Last modified: 05 Nov 2015QC 47163