Budget 2008 as it happens

Marcus.Aurelius

If there's anyone out there who will be watching the live budget and can fill us in as it happens with respect to motors (car tax, VRT and the like)

If anyone has any observations/predictions to make, this would also be most welcome. Handy for those who have no access to the TV/radio for a while!

Owen

TV at work is busy entertaining the bastard child from hell. As soon as it goes, I'll be switiching over to Biffo and friends for the Budget.

kluivert

Why dont you log onto RTE.ie link the links for Radio 1 and listen to the budget from your computer.

Mena

Or even better, just watch it

http://www.oireachtas.ie/viewdoc.asp?fn=/documents/livewebcast/Web-Live.htm&CatID=83&m=o

Henry Ford III

Rumour has it Minister Cowan is eating a chicken sandwich as we speak.

cashmni1

Henry Ford III wrote: »

Rumour has it Minister Cowan is eating a chicken sandwich as we speak.

It would be some craic if he had a big dollop of relish on his shirt after lunch. Then told us that he is introducing a "fat tax".

Owen

Henry Ford III wrote: »

Rumour has it Minister Cowan is eating a chicken sandwich as we speak.

And by chicken sandwich, you mean 4 whole chickens sandwiched in between two slices of beef.

Evil_Clown

Also to prove that gas guzzling big cars produce very high emissions
He is going to eat a Range Rover and then Fart
Letting out those emissions for us all to suffer

Hmmm preparing to get a sore arse after this buget with a 2.5L motor:(

djeclips

Just shy of 10% increase of tax on cars below 2.5ltr didn't catch above lucky mine is 2498cc:D

sgthighway

Road Tax is going up 9.5% if the car is under 2.5L
Going up 11% for over 2.5L

Cionád

Misheard. delete

mike65

VRT! Changes are as expected from July 1st. Co2 rating with 7 bands like white goods system 14-36%. Broadly revenue neutral he says. We'll see. VRT free hybrids? Or did I miss that?

Annual motor-tax up by 9 and 11% from Jan 1st (2500cc cut off). Then tax linked to CO2 from July.

Mike.

what_car

sgthighway wrote: »

Road Tax is going up 9.5% if the car is under 2.5L
Going up 11% for over 2.5L

motor tax,
increase
9.5% below 2.5L
11% above 2.5L

from feb 1st

DaveBH

He Just announced what we expected!

VRT based on CO2 emissions from July 1st.

7 Bands - from 16 - 36% dependent on C02 output.

bla bla bla

PS Oh and he's wearing a Gold tie (for anyone who bet on it!).

TJJP

Road Tax:
9.5% increase on cars up to 2.5L
11% increase on cars over 2.5L

jameshayes

load of balls

mike65

My tax is due for renewal this month so will break the habit of a lifetime and do it for 12 months.

Mike.

kluivert

mike65 wrote: »

My tax is due for renewal this month so will break the habit of a lifetime and do it for 12 months.

Mike.

Am doing my car tax as we speak. Saving 27e by doing it now.

New labelling system for VRT on cars, similiar to those on white goods.

unkel

So my tax will go from €1343 to €1492...

How about the polluter pays, minister? :mad:

GoalsGoneWild

Probably a better bet to wait until January 31st to pay your tax. That's what I'd be doing - if I hadn't paid it yesterday. A €50 hike for me - about the cost of a tank of petrol over a year or half a night out - can't really complain too much to be honest...

MarkN

Anyone know is it Jan 1st or Feb 1st that tax is going up??

JHMEG

mike65 wrote: »

My tax is due for renewal this month so will break the habit of a lifetime and do it for 12 months.

Mike.

Motor tax changes usually take place at midnight on the night of the budget. You'd want to get moving.

EDIT: Just read it's going up on Feb 1st

GoalsGoneWild

To save on Reeeeeeeposts:

http://www.rte.ie/news/features/budget2008/speech/chapter05.html

Ice_Box

HYBRIDS...

I will continue to give recognition to the efforts of vehicle manufacturers to promote new technologies. Existing incentives for certain hybrid electric and flexible fuel cars are being extended to 1 July 2008. Thereafter and in addition to the benefit of the new CO2 based VRT system, I will be providing for a further top-up relief up to €2,500 on the VRT payable on such cars.

JHMEG

Ice_Box wrote: »

HYBRIDS...

I will continue to give recognition to the efforts of vehicle manufacturers to promote new technologies. Existing incentives for certain hybrid electric and flexible fuel cars are being extended to 1 July 2008. Thereafter and in addition to the benefit of the new CO2 based VRT system, I will be providing for a further top-up relief up to €2,500 on the VRT payable on such cars.

Wonder does any of this apply to 2nd hand imports from the UK?

mike65

Biffo mentioned fags are up but did'nt raise taxes on booze or even mention fuels.

Mike.

drdre

TJJP wrote: »

Road Tax:
8.5% increase on cars up to 2.5L
11% increase on cars over 2.5L

IOL.IE Says
For cars registered form July 1 2008 onwards VRT will be determined by carbon emissions rather than engine size. Cars which emit more carbon will be subject to more VRT.

There will also be an increase in motor taxation. Cars with an engine size under 2 litres will see their tax increased by 9% and those over 2 litres will face an increase of 11%.

drdre

cashmni1 wrote: »

It would be some craic if he had a big dollop of relish on his shirt after lunch. Then told us that he is introducing a "fat tax".

Excellent

Henry Ford III

Ice_Box wrote: »

HYBRIDS...

I will continue to give recognition to the efforts of vehicle manufacturers to promote new technologies. Existing incentives for certain hybrid electric and flexible fuel cars are being extended to 1 July 2008. Thereafter and in addition to the benefit of the new CO2 based VRT system, I will be providing for a further top-up relief up to €2,500 on the VRT payable on such cars.

Expect sales of flexi fuel cars to boom. Volvo, Saab and Ford to benefit.

JohnCleary

Does the VRT change apply to NEW cars only? Or 2nd hand imports too?!

kluivert

JohnCleary wrote: »

Does the VRT change apply to NEW cars only? Or 2nd hand imports too?!

Both new and second hand.

DMC

All the new Motor Tax bands...

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

VRT based on CO2 emissions..

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

JHMEG

kluivert wrote: »

Both new and second hand.

Where did you read that it applies to 2nd hand?

Henry Ford III

VRT has always applied to new and imported used cars.

Stephen

My motor tax will go from €484 to €530 by my calculations

If I was to buy my car next year it'd be a good bit cheaper though. 20% VRT instead of 25%. (152g/km co2)

Riskymove

Yes VRT rates are VRT rates regardless of new or SH

As I am picking up new car in early Jan I will be able to tax at current rate and save a few quid:)

This may help make up for the fact that my car would be cheaper in July due to reduction in VRT:rolleyes:


Anyway I know it might seem alot right now but is a few quid (around €150 a year max, as little as €20 or €30) really gonna result in everybody dumping big cars for small hybrids?

Rovi

Motor Tax over 3l: €1,343 -> €1,491.
€148 increase.

That's less than the cost of 2 fills of petrol.

Screw the eco-mentalists, I'll be carrying on business as usual.
I'll bet I've planted a lot more trees than most of them.

antodeco

So basically, you're better off selling your car now, before the new budget kicks in. Surely it will have a knock on effect for 2nd hand pricing? ie, a "nearly new" car (bought in april 08 may work out more expensive than a car bought in Aug 08 according to VRT changes????

keefg

DMC wrote: »

All the new Motor Tax bands...

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

VRT based on CO2 emissions..

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

According to this, no increase on commercial vehicles.....Whoo Hoo! Big fat commie jeeps for the winner

Marcus.Aurelius

unkel wrote: »

So my tax will go from €1343 to €1492...

How about the polluter pays, minister? :mad:

My sentiments exactly, the man who drives 50k miles a year in a 1.6 will pay only a third of your tax, even if you only drive your (3.5, 4.0?) car 1k miles a year

F**king morons, how is that green thinking????!!

:mad:
:mad::mad:
:mad::mad::mad:

Riskymove

MAOLEARY

The only way to have a tax along the lines of what you are getting at is to have it on usage (i.e. on fuel)

so get rid of motor tax and increase petrol tax by €1 a litre or whatever; would you prefer that?

Marcus.Aurelius

Riskymove wrote: »

MAOLEARY

The only way to have a tax along the lines of what you are getting at is to have it on usage (i.e. on fuel)

so get rid of motor tax and increase petrol tax by €1 a litre or whatever; would you prefer that?

Exactly, a fair dispersal of the tax so that the polluter actually pays

I imagine you pulled the €1 a litre figure out of the air, I imagine it would be much lower. If you are one of the smaller engine drivers, I imagine you would see it as unfair, since smaller cars get away with murder, irrespective of how many miles a year or C02 emitted

Old Jim

mike65 wrote: »

Annual motor-tax up by 9 and 11% from Jan 1st (2500cc cut off). Then tax linked to CO2 from July.

Mike.

What is going to happen to the Motor tax in July?

Marcus.Aurelius

Old Jim wrote: »

What is going to happen to the Motor tax in July?

No details as yet from DOFinance, it's not contained on any of the annexes to the Budget

jank

Any site that has the Cars Co2 emmisions so we can see where we fit in?

Marcus.Aurelius

http://usedcars.virginmedia.com/index.jsp?guide=prices&page=car_specs

Handy for older second hand cars and some of the newer ones

Altreab

jank wrote: »

Any site that has the Cars Co2 emmisions so we can see where we fit in?

This could be what your looking for.

GoalsGoneWild

This should have everything. Bit cumbersome - but it works for me. Just checked mine and it's 236g CO2/km - the highest band. Here's hoping they don't start basing road tax on that anytime soon!!!! :eek:

http://data.carmagazine.co.uk/gbu/

Vegeta

SO hang on a minute, is this a 9% increase on all cars below 2.5L or just 1.6 to 2.5L

Riskymove

maoleary wrote: »

Exactly, a fair dispersal of the tax so that the polluter actually pays

I imagine you pulled the €1 a litre figure out of the air, I imagine it would be much lower. If you are one of the smaller engine drivers, I imagine you would see it as unfair, since smaller cars get away with murder, irrespective of how many miles a year or C02 emitted

Not at all I have no problem with that, I just wondered what you would prefer given you just expressed anger at the Budget but not what you thought would be a proper alternative.

I think tax on petrol is the only fair tax regarding emmissions

The rate changes in motor tax are absolutely not green based in anyway it is purely about extra tax revenue. If it was green it would at least be based on emmissions not just standard % rises across engine sizes - both petrol and diesel