64% Tax Increase

Stiffler2

Hi All,

This topic probably belongs in Motors, actually it's so ridiculous it deserves it's own thread 3 times in Economics, Motors & AH's.

Mod's - please don't move as it isn't really to do with Motors.

Just heard that car tax is being hiked up 64% on top of a 4c a litre extra for petrol.

That now means if you're driving a car and your tax is 614 euro a year it will now cost 1007 euro & so on

Completely & utterly ridiculous, when will Enda understand he can't tax his way out of 173billion

What do ye of AH think of this ??

W.Shakes-Beer

Surely not 64%!? Have you a link to a source?

I heard it was 5% which is still shít, but manageable.

MagicMarker

You heard wrong.

Robbo

Stiffler2 wrote: »

What do ye of AH think of this ??

I think you haven't really read the articles in the papers.

The existing CC-based tax rates are to go up by approximately 5%.

The CO2-based ones are to take a large bump at the lower end of things i.e. from €156 to €220 for Band B.

It's all to counteract the Green Party policy that made a BMW 5-Series Ireland's best selling car.

Stiffler2

Let me double check if I can find a link.
Heard it twice over the weekend - 64%

really hope I AM wrong here folks

Biggins

Was reading the above in The Times (England).
Couldn't believe what I was reading to be honest. I take the reports to be somewhat true - but I also suspect that it MIGHT be the usual scare tactics in pre-budget time, so that what comes on the actual day, might be judged as "Aaa... well its not so bad!"

I don't know what to think. we will just have to wait and see.
If true, if the Irish people just accept it, well to a certain extent, they deserve to be treated like this for the too pacifist positions from their sofa and barstools!

W.Shakes-Beer

Robbo wrote: »

...
It's all to counteract the Green Party policy that made a BMW 5-Series Ireland's best selling car.

And the boggo spec one at that.


Would it be safe to say that as a nation, Ireland would peel an orange in its pocket?

seamus789

Stiffler2 wrote: »

Hi All,

This topic probably belongs in Motors, actually it's so ridiculous it deserves it's own thread 3 times in Economics, Motors & AH's.

Mod's - please don't move as it isn't really to do with Motors.

Just heard that car tax is being hiked up 64% on top of a 4c a litre extra for petrol.

That now means if you're driving a car and your tax is 614 euro a year it will now cost 1007 euro & so on

Completely & utterly ridiculous, when will Enda understand he can't tax his way out of 173billion

What do ye of AH think of this ??

You are right it's very ridiculous but I doubt very much it's going to happen. Anyone paying higher motor tax rates (like 614) will be hit with a much smaller % hike.

High % hikes will probably hit lower tax rates. e.g. 135 could go to 220.
Realistically those lower rates were never sustainable and were just part of the Bertie era of throwing money at voters and keeping coalition partners happy (they were announced in the December 2007 budget, berties last as taoiseach)

Stiffler2

Okay folks, I can't find an exaxt link which shows what it is going to be :

http://www.rte.ie/news/2011/1127/budget.html

if you read this link beside the 2nd picture it quotes

"But Mr Hogan said there was no truth in reports that motor tax would rise by as much as 63%."

so it has been said alright on the radio and what not.

Thanks Fook it is not true

having a heart attack here

..........

Biggins

W.Shakes-Beer wrote: »

Surely not 64%!? Have you a link to a source?

I heard it was 5% which is still shít, but manageable.

http://www.thesundaytimes.co.uk/sto/news/ireland/News/Irish_News/article831599.ece

Motorists are facing car-tax increases of up to 63%, and a 4c rise in the price of a litre of petrol, in tough new revenue-raising measures to be announced in next week’s budget.

Motor tax will rise generally by 5%, but greener vehicles will face a steeper increase as part of a “rebalancing” of the system of road taxes introduced in 2008.

The owners of cars with the lowest fuel emissions, Band A, will see their road tax rise from €104 to €170 a year.

Those in band B face an increase from €156 to €220. Band C car tax is to increase from €302 to €350 a year.

Band A includes most hatchbacks and smaller diesel saloons, while Band B cars include many of the larger family saloons and some luxury models.

The BMW 5-series diesel, the Volkswagen Passat diesel and the 2-litre Skoda Octavia and Superb models, for example, are currently in Band B, with owners paying tax of €156 on their vehicles.

Following recent steep rises in the price of diesel, which is now the same price as petrol on most forecourts, the 2% Vat increase to be introduced in the budget will add 2.5 cents to a litre of petrol or diesel, according to the Automobile Association (AA).

Michael Noonan, the finance minister, and Phil Hogan, the environment minister, are discussing plans for an increase of between €5 and €10 per tonne in carbon taxes, according to government sources.

This will add between 1.5c and 3c to the price of petrol, suggesting motorists are facing an overall price increase of between 4c and 5.5c.

The motor tax will raise about €50m while the carbon tax increase will bring in between €54m and €108m.

Hogan faces being accused by political rivals of further reducing the imprint of the Green party on government policy, but the AA said some rebalancing of the motor-tax rates was probably inevitable after a dramatic switch to cleaner vehicles.

Conor Faughnan, the AA’s director of policy, said: “This is nasty but not unexpected and we will be getting a lot of angry emails and comments from motorists when this comes on top of the fuel increases next year.

The vast vast majority of folks who are running a car that's taxed at the band A or B Co2 rates won't be squeezed by a rise of that magnitude.

W.Shakes-Beer

Seriously hope that isn't the case....

I think my car would end up as a makeshift dog house out the back garden.

Anyone with a pre 08 car with a large engine (by Irish standards), like myself, would be bound to it as the chances of you selling it would be very slim, and at that you'd be selling it for nothing.

EDIT: i read it again, it seems to be balancing as opposed to hiking it up for everyone. Old tax bands up 5% and new tax bands up a bit more, is this where the 64% comes in?

seamus789

Biggins wrote: »

but the AA said some rebalancing of the motor-tax rates was probably inevitable

Acceptance that low rates were ridiculously low and anyone who couldn't afford a new car was being screwed versus their wealthy neighbours. Brining a bit of balance back into the system is to be welcomed albeit we'd all prefer if there were no increases at all

W.Shakes-Beer

seamus789 wrote: »

Acceptance that low rates were ridiculously low and anyone who couldn't afford a new car was being screwed versus their wealthy neighbours. Brining a bit of balance back into the system is to be welcomed albeit we'd all prefer if there were no increases at all

Exactly its a case of:

"Well, unfortunately if you can't afford a brand new car like your financially well off neighbours its time to bend over and be punished"

Rich get richer and the poor get poorer.

W.Shakes-Beer

W.Shakes-Beer wrote: »

..............

EDIT: i read it again, it seems to be balancing as opposed to hiking it up for everyone. Old tax bands up 5% and new tax bands up a bit more, is this where the 64% comes in?

Indeed, small change in cc rates and the low band emissions one are getting a large percentage increase but nothing huge in €s, €100 over a year fro someone who has an 08 car won't break many banks really.

Compare it to the universal social charge, drop in the ocean, including the fuel increases.

ejmaztec

This government certainly knows how to get the wheels of progress turning.

Stiffler2

Hi All,

Sorry for the Scare Mongering.
As you can see in the above link that someone posted in they did say that it was going to increase by 64% so that is what I heard on the radio.

Thought it was an overall increase of 64% for all bands but appears to not be the case.

Again...... thank fook.

ejmaztec

ejmaztec wrote: »

This government certainly knows how to get the wheels of progress turning.

Would you prefer the income tax is changed?

WalterMitty

Pay up you moaners. The 130k pensions of Harney and Bertie and all the rich retired public servants must be provided for you know. Do more hours in work , pay more taxes , live frugally and remember how well all those people did for the country.

biko

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