VRT/Tax after this budget

Lex Luthor · 07-12-2007 12:24pm #1

has left me really confused....

can anyone just simplify the whole thing?

PaddyFagan · 07-12-2007 12:30pm

I'll try

Any car registered in Ireland now or registered before the 1st July 2008* will be subject to the existing VRT and Road Tax schemes, all be it with a 9% increase in Road Tax
Any car registered in Ireland on or after 1st July 2008* will be subject to the new VRT and Road Tax schemes - both designed to make cars which produce less carbon per km travelled cheaper. (Small Diesel Engines, Hybrids, etc)

* This means that new registrations or imports into Ireland after the 1st July 2008 will be subject to the new VRT and Road Tax schemes, in the case of imports this is the case irrespective of the date of orignal registration in the country of origin.

Lex Luthor · 07-12-2007 12:33pm

That's straight forward enough Paddy, thanks.

Do you know what the post July 08 car tax bands & charges will be?

peasant · 07-12-2007 12:34pm

If you have a car already, your tax will change from February according to this table:

http://www.budget.gov.ie/2008/downloads/AnnexF.pdf

That's it, anything else doesn't affect it.

Only if you're importing/buying new after July 08 the new VRT / CO2 related tax will come into play

http://www.budget.gov.ie/2008/downloads/AnnexD.pdf

can't find the list for the CO2 related motor tax at the moment. but I'm sure someone will post it in a minute

Chunks · 07-12-2007 12:34pm

PaddyFagan wrote: »

I'll try
Any car registered in Ireland on or after 1st July 2008 will be subject to the new VRT and Road Tax schemes - both designed to make cars which produce less carbon per km travelled cheaper. (Small Diesel Engines, Hybrids, etc)

Does this mean that if I wanted to buy a Freelander 2 in England and bring it over here the VRT might be significantly reduced? *

Whereas if i bought it and registered it before the July 8th deadline i'd have to pay the usual VRT of in and around 5-6k?

*I'm basing this on the CO2 emissions by the freelander 2 (apparently they're very low on the diesel model)

Is that right or am I way off the mark?

PaddyFagan · 07-12-2007 12:38pm

Chunks wrote: »

Does this mean that if I wanted to buy a Freelander 2 in England and bring it over here the VRT might be significantly reduced? *

Whereas if i bought it and registered it before the July 8th deadline i'd have to pay the usual VRT of in and around 5-6k?

*I'm basing this on the CO2 emissions by the freelander 2 (apparently they're very low on the diesel model)

Is that right or am I way off the mark?

As I understand it that is correct - I suspect the dealers/importers will be offering some serious discounts in the new year to try and off set this!

ciarsd · 07-12-2007 12:38pm

I think these are the new CO2 based tax bands/rates:

..for cars registered from July 1st onwards (brand new cars AND used imports being registered in Ireland on or after this date)

Band A (under 120 grams per km) - €100.
Band B (121-140 grams per km) - €150.
Band C (141-155 grams per km) - € 290.
Band D (156-170 grams per km) - €430.
Band E (171-190 grams per km) -€ 600.
Band F (191-225 grams per km) - €1,000.
Band G (over 225 grams per km) - €2,000.

PaddyFagan · 07-12-2007 12:40pm

Lex Luthor wrote: »

That's straight forward enough Paddy, thanks.

Do you know what the post July 08 car tax bands & charges will be?

From http://www.ireland.com/newspaper/breaking/2007/1206/breaking8.html?via=mr

Motor tax rates will be graduated as one moves up the CO2 bands.

Band A (under 120 grams per km) - €100.
Band B (121-140 grams perkm) - €150.
Band C (141-155 grams per km) - € 290.
Band D (156-170 grams per km) - €430.
Band E (171-190 grams per km) -€ 600.
Band F (191-225 grams per km) - €1,000.
Band G, the top band -€2,000, reflecting CO2 emissions of over 225grams per km.

ciarsd · 07-12-2007 12:42pm

And the VRT bands which will be CO2 based for cars registered from July 1st onwards (brand new cars AND used imports being registered in Ireland on or after this date).

Band A
0-120g/km
14%

Band B
121-140g/km
16%

Band C
141-155g/km
20%

Band D
156-170g/km
24%

Band E
171-190g/km
28%

Band F
191-225g/km
32%

Band G
225+g/km
36%

PaddyFagan · 07-12-2007 12:51pm

To summarise all the previous elements:

Any car registered in Ireland now or registered before the 1st July 2008* will be subject to the existing VRT and Road Tax schemes, all be it with a 9% increase in Road Tax (for renewals from 1st Feb 2008)
- Existing VRT
  - A1 Cars up to 1,400cc 22.5% of Open Market Selling Price - OMSP
  - A2 Cars 1,401 to 1,900cc 25% of OMSP
  - A3 Cars over 1,900cc 30% of OMSP
- Existing Road Tax
  - cc not over 1,000 - now €151, renewing after 1st Feb €165
  - cc 1,001 to 1,100 - now €227, renewing after 1st Feb €249
  - cc 1,101 to 1,200 - now €251, renewing after 1st Feb €275
  - cc 1,201 to 1,300 - now €272, renewing after 1st Feb €298
  - cc 1,301 to 1,400 - now €292, renewing after 1st Feb €320
  - cc 1,401 to 1,500 - now €313, renewing after 1st Feb €343
  - cc 1,501 to 1,600 - now €391, renewing after 1st Feb €428
  - cc 1,601 to 1,700 - now €414, renewing after 1st Feb €453
  - cc 1,701 to 1,800 - now €484, renewing after 1st Feb €530
  - cc 1,801 to 1,900 - now €511, renewing after 1st Feb €560
  - cc 1,901 to 2,000 - now €539, renewing after 1st Feb €590
  - cc 2,001 to 2,100 - now €689, renewing after 1st Feb €754
  - cc 2,101 to 2,200 - now €722, renewing after 1st Feb €791
  - cc 2,201 to 2,300 - now €755, renewing after 1st Feb €827
  - cc 2,301 to 2,400 - now €786, renewing after 1st Feb €861
  - cc 2,401 to 2,500 - now €821, renewing after 1st Feb €899
  - cc 2,501 to 2,600 - now €961, renewing after 1st Feb €1,067
  - cc 2,601 to 2,700 - now €999, renewing after 1st Feb €1,109
  - cc 2,701 to 2,800 - now €1,033, renewing after 1st Feb €1,147
  - cc 2,801 to 2,900 - now €1,071, renewing after 1st Feb €1,189
  - cc 2,901 to 3,000 - now €1,109, renewing after 1st Feb €1,231
  - cc 3,001 or more - now €1,343, renewing after 1st Feb €1,491
  - Electrical - now €146, renewing after 1st Feb €146
Any car registered in Ireland on or after 1st July 2008* will be subject to the new VRT and Road Tax schemes - both designed to make cars which produce less carbon per km travelled cheaper. (Small Diesel Engines, Hybrids, etc)
- New VRT
  - Band A 0 - 120g 14%
  - Band B 121 - 140g 16%
  - Band C 141 - 155g 20%
  - Band D 156 - 170g 24%
  - Band E 171 - 190 g 28%
  - Band F 191 - 225g 32%
  - Band G 226g and over 36%
- New Road Tax
  - Band A (under 120 grams per km) - €100.
  - Band B (121-140 grams perkm) - €150.
  - Band C (141-155 grams per km) - € 290.
  - Band D (156-170 grams per km) - €430.
  - Band E (171-190 grams per km) -€ 600.
  - Band F (191-225 grams per km) - €1,000.
  - Band G, the top band -€2,000, reflecting CO2 emissions of over 225grams per km.

* This means that new registrations or imports into Ireland after the 1st July 2008 will be subject to the new VRT and Road Tax schemes, in the case of imports this is the case irrespective of the date of orignal registration in the country of origin.

RobAMerc · 07-12-2007 1:11pm

hi guys,

I am seriously considering a 123d convertible come July.

So am I right in saying the price guessing the pre 07/08 price to be 52k

52k = 125% => the the post 07/08 will be about 48k ?

With €150 p/a road tax ?

Thanks
Rob

PaddyFagan · 07-12-2007 1:56pm

RobAMerc wrote: »

hi guys,

I am seriously considering a 123d convertible come July.

So am I right in saying the price guessing the pre 07/08 price to be 52k

52k = 125% => the the post 07/08 will be about 48k ?

With €150 p/a road tax ?

Thanks
Rob

All guess work, but I think the savings will be bigger than this because VAT is applied after the VRT....

So €52k = 43k + VAT...
VRT = 25% of 52k => 13k

Landed price = 30k

New VRT is 16% of OMSP
=> Which gives an OMSP of 45k (VRT = 7.2k, VAT = 7.8k)

Ofcourse if the importers put up the landed price.....

3ps · 07-12-2007 2:31pm

what happens if you import a car after July 2008, but it's, for example, an early 90's Merc diesel and you dont' have CO2 figures??????

daRobot · 07-12-2007 2:38pm

PaddyFagan wrote: »

VAT is applied after the VRT....

You sure of that paddy?

FutureGuy · 07-12-2007 2:45pm

I was thinking of getting a Focus 1.8 FFX in the new year. There is already a 50% VRT rebate on the car. Would it be better to hold out till July (or even Jan 2009) to get it? How will they rank this car for the CO2 band-the CO2 output will depend entirely on the fuel choice that people will make.

I presume that the 50% rebate still applies to whatever CO2 band this now falls into? What savings can one expect to make by waiting until July2008.

ciarsd · 07-12-2007 3:22pm

3ps wrote: »

what happens if you import a car after July 2008, but it's, for example, an early 90's Merc diesel and you dont' have CO2 figures??????

I've no valid reference for this, but I've read elsewhere that if there is no emissions data available, the highest rate is applied

MuffinsDa · 07-12-2007 3:28pm

ciarsd wrote: »

I've no valid reference for this, but I've read elsewhere that if there is no emissions data available, the highest rate is applied

That makes perfect sense alright.... a 1995 Toyota starlet 1.1L to pay the same as a 1995 Mercedes Benz SL600 (6L).... green genius...

Lex Luthor · 07-12-2007 3:58pm

FutureGuy wrote: »

I was thinking of getting a Focus 1.8 FFX in the new year. There is already a 50% VRT rebate on the car. Would it be better to hold out till July (or even Jan 2009) to get it? How will they rank this car for the CO2 band-the CO2 output will depend entirely on the fuel choice that people will make.

I presume that the 50% rebate still applies to whatever CO2 band this now falls into? What savings can one expect to make by waiting until July2008.

I think I read somewhere the 50% rebate is being done away with also

Lex Luthor · 07-12-2007 5:34pm

ok, thanks for all the replies, but just need to confirm one more thing...

If you import a used car after 1st July 2008, what VRT rates apply to it and what motor tax rates apply to it?

ninty9er · 07-12-2007 6:18pm

FutureGuy wrote: »

I was thinking of getting a Focus 1.8 FFX in the new year. There is already a 50% VRT rebate on the car. Would it be better to hold out till July (or even Jan 2009) to get it? How will they rank this car for the CO2 band-the CO2 output will depend entirely on the fuel choice that people will make.

I presume that the 50% rebate still applies to whatever CO2 band this now falls into? What savings can one expect to make by waiting until July2008.

On the purcahe price you'll probably be no better or worse off. The 50% reduction in VRT is being done away with and the new 24% VRT rate will apply on the Focus FFV and €430 Motor Tax (as it actually produces more CO2 than the diesels and smaller petrols in the range aside from the 1.6 Auto and the 2.5 ST) in Full But, all hybrid vehicles are eligible for a cash value rebate of €2500 until the end of 2008. You'd still end up paying nearly as much for it. You're probably better of to go for the FFV before July...but as my digging to answer your question has found...it's not all that environmentally friendly!!

Better bet is buy the 1.6 Diesel @ VRT of 16% next July and road tax €150

ciarsd · 07-12-2007 7:50pm

Lex Luthor wrote: »

If you import a used car after 1st July 2008, what VRT rates apply to it and what motor tax rates apply to it?

It'll be the new system Lex..

Any car registered in Ireland on or after 1st July 2008* will be subject to the new VRT and Road Tax schemes - both designed to make cars which produce less carbon per km travelled cheaper. (Small Diesel Engines, Hybrids, etc)

New VRT
Band A 0 - 120g 14%
Band B 121 - 140g 16%
Band C 141 - 155g 20%
Band D 156 - 170g 24%
Band E 171 - 190 g 28%
Band F 191 - 225g 32%
Band G 226g and over 36%

New Road Tax
Band A (under 120 grams per km) - €100.
Band B (121-140 grams perkm) - €150.
Band C (141-155 grams per km) - € 290.
Band D (156-170 grams per km) - €430.
Band E (171-190 grams per km) -€ 600.
Band F (191-225 grams per km) - €1,000.
Band G, the top band -€2,000, reflecting CO2 emissions of over 225grams per km.

what_car · 08-12-2007 1:42am

Lex Luthor wrote: »

has left me really confused....

can anyone just simplify the whole thing?

what is really dumb is this...

if you decide to go sorta greeny.
and if you go and buy a prius/ civic hybrid in Jan then you are lumped in with the old tax system.... you should be given the option of the lower road tax.

so dumb.......

dixiefly · 08-12-2007 3:20am

What about all the non-registered cars floating around the place? Some pretty big engines on the cars that many of the East Europeans have taken in.

Surely these cars have to be penalised in some way.

Lex Luthor · 08-12-2007 10:09am

dixiefly wrote: »

What about all the non-registered cars floating around the place? Some pretty big engines on the cars that many of the East Europeans have taken in.

Surely these cars have to be penalised in some way.

you'd think wouldn't ya.....

and they should be forced to pay tax & insurance also :rolleyes:

halkar · 08-12-2007 10:14am

My cars falls in group B for CO thingy. Tax will be around 400ish with the rise. From July group B is 150 yoyos. Does that mean we are stuck paying over 400yoyos as long as we hold the cars? What will happen with the new owner when I sell the car ? New tax or old tax? If it is still the old tax then second hand market for Irish cars will die. Why should anyone buy a second hand car in Ireland after July? Why should I still be taxed more if my car's CO is one of the lowest in it's group? I should be getting tax rebate for being clean all I care

Anyway am I missing something here or is this one of the jokes that government coming up with lately?

endplate · 08-12-2007 10:47am

Halker any car registered (ie when the car recieves it's numberplate) before 1st of July stays on the old system until it's crushed into a square pile of crap regardless of how many owners it has till then. From 1st of July any car registered (ie new or imported) in Ireland will be on the new rate system. Hope that clears things up;)

BTW halker love your sig soooo true:D

How is VRT calculated is it after VAT is added or before VAT is added. I always presumed it was after VAT cos I noticed that options ie for example front fogs on a VW are dearer on a 2L car than on a 1.9 cos of the different VRT rates ie 25% for 1.9 to 30% for 2L. I'm asking cos there is a lot of conflicting answers here

halkar · 08-12-2007 12:52pm

endplate wrote: »

Halker any car registered (ie when the car recieves it's numberplate) before 1st of July stays on the old system until it's crushed into a square pile of crap regardless of how many owners it has till then. From 1st of July any car registered (ie new or imported) in Ireland will be on the new rate system. Hope that clears things up;)...

So it is a new joke the stupid government came up with. :mad: Greens my a$$ . This will really screw up the second hand value of the cars. Trade in or private sales. Why should anyone buy a second hand car and pay 3 times the tax while they can get someone who will import from UK? We will probably see dealers starting to do this also or they will loose big time.
Well I am screwed, I shall keep my car till it dies under me. My tax is due to expire at the end of the month, will get for the year saving few yoyos

Probably there will be a U turn from government when everyone realize what is going to happen from July and how they will be screwed. Everyone is too busy trying to get Wii or DS at the moment

P.S. Anywhere I can get a DS? :P

dixiefly · 08-12-2007 4:13pm

Will the second hand value of the gass gusslers INCREASE after this??? After all they are not effected by the new rules and it is the reverse situation to the lower emission cars.
People will want one of these "old" types in preference to the new ones.

VRT/Tax after this budget

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