VRT in Budget 2010

mac09

anyone think that the budget will yield any beneficial changes in vrt?
i am hoping but not optimistic

GavRedKing

mac09 wrote: »

i am hoping but not optimistic

Id say this is the general feeling, Id hope to see something good come from it but I would highly doubt it, only time will tell.

R.O.R

No - I don't think they'll announce any changes for next year.

Look what a mess they made in 07 when it was announced.

The Recliner

Was pricing a car in the UK yesterday, car cost £15K, VRT cost €14K

That is a bit nuts, wouldn't expect any changes in the budget though, they will probably just change the CO2 bands and up the price a little

mac09

The Recliner wrote: »

Was pricing a car in the UK yesterday, car cost £15K, VRT cost €14K

That is a bit nuts, wouldn't expect any changes in the budget though, they will probably just change the CO2 bands and up the price a little

thats a ridiculous price alright. i was thinking along the same lines as you regarding the CO2 but sure nobody really knows what will happen

Tipsy Mac

In a normal country you reduce taxes to stimulate demand when sales are low in a recession, in a banana republic you rise prices to make up for the low sales and end up dropping income raised even further.

McSpud

They will leave VRT alone but motor tax will increase with maybe less cars qualifying for lower rates.

BlackWizard

McSpud wrote: »

They will leave VRT alone but motor tax will increase with maybe less cars qualifying for lower rates.

They seem to be caving into pressure from the unions regarding cutting public servant wages so maybe they won't be up for doing anything that might upset the motoring sector.

It BeeMee

BlackWizard wrote: »

They seem to be caving into pressure from the unions regarding cutting public servant wages so maybe they won't be up for doing anything that might upset the motoring sector.

Au contraire: if they can't save money on the public sector, then they have to get money in from somewhere. The motorist is always an easy target.

celticbest

There's no doubt in my mind that Motor Tax will increase in the Budget, it's just by how much that I'm afraid of!!

VRT will not change, the Government doesn't care about new car sales as it not an indigenous industry, all cars are imported complete now a days were as years ago they had to be assembled here which created employment.

mickdw

They will adjust the car tax bands taking many cars into higher tax rates. This needs to be done anyway as manufacturers are constantly inproving their co2 figures. I could see them moving everything up one tax bracket.
They should then tie vrt to these new bands also, therefore moving everycar up one tax bracket. This would raise car prices. If they announced that these changes were to happen in july 2010 for example, people would be running to get cars at the 'reduced' price hoping to get a years free motoring as the same car would cost much more when changes come in. This is the only way to go really. If they go about reducing vrt, people will hold off to allow price to drop and see where the market ends up.

McSpud

mickdw wrote: »

They will adjust the car tax bands taking many cars into higher tax rates. This needs to be done anyway as manufacturers are constantly inproving their co2 figures. I could see them moving everything up one tax bracket.

That will proof what we all know - government cares about cash not CO2 emissions.

Cookie_Monster

mickdw wrote: »

They will adjust the car tax bands taking many cars into higher tax rates. This needs to be done anyway as manufacturers are constantly inproving their co2 figures. I could see them moving everything up one tax bracket.
They should then tie vrt to these new bands also, therefore moving everycar up one tax bracket. This would raise car prices. If they announced that these changes were to happen in july 2010 for example, people would be running to get cars at the 'reduced' price hoping to get a years free motoring as the same car would cost much more when changes come in. This is the only way to go really. If they go about reducing vrt, people will hold off to allow price to drop and see where the market ends up.

Unfortunately this makes sense from the Govs point of view and i can see it, or something very similar, happening

Tragedy

They should increase tax in the lower VRT bands, but keep old style tax alone(i.e. try to harmonise the two).

Heroditas

It BeeMee wrote: »

Au contraire: if they can't save money on the public sector, then they have to get money in from somewhere. The motorist is always an easy target.

And they can "justify" it by saying it's for the good of the environment. :rolleyes:

Cars&cars

Hi

If you read some of the Government bumf they are about to anounce the Abolition of VRT over the long term and the introduction of higher fuel taxes and other measures such as congestion charges to replace vrt

revenues from vrt are falling and the EU are opposed so this is the Government response; its about money nothing esle, they are not getting the billions from vrt any more and the car industry is dwindling away so they are moving to usuage taxes

accountant says to minister -- "you have less and less revenue from vrt", "We project that by 2011 it will be cost neutral" --- Minister turns to accountant and says "what can we do", accountant says "increase fuel taxes and bring in tolls and congestion charges" then Minister makes a speech to people of Ireland "we are a fair Government and a green Government so we are moving to higher taxes on car usuage so that we keep within our Co2 targets...this measure goes to prove that we are serious about climate change and building a fairer Ireland!"

it makes me laugh...but cry at the same time!

richiepoorman

They should reduce the VRT on low emmissons cars ( Bands A and B ) if they are serious about getting the industry moving (pardon the pun) again, as most sales are now diesel cars, they probably wont reduce VAT, so they have do something to stimulate the car industry.
IMO, all these ads in the press recently about car sales in 2010, may or may not kick start a sales frenzy !!!!!! ,it will be interesting to see , and for what its worth i still think these new cars are still too expensive, even after the reductions:)