Budget 2012 - Impact?

Dades

I'm seeing the motor tax increases for the different bands, but not for the "old" system, or indeed the vintage category...

Can anyone confirm this?

I'm not sure I like the sound of this, however:

Initiating consultation process with the motor industry and other parties to commence in early 2012 to review options for the improvement in VRT and motor Tax revenues in future years.

Interesting how the emphasis is on improving the revenues, rather than the system.

shawnee

Vintage only increased to 52 , so very little change

JoeySully

SO its only 4€ increase not so bad


Veteran and Vintage:
Motorcycles €22 €24 €2
All other vehicles €48 €52 €4

From http://budget.gov.ie/Budgets/2012/Documents/Taxation%20Annexes%20to%20the%20Summary%20of%202012%20Budget%20and%20Estimates%20Measures.pdf

Very last page

Dades

Yeah - just found that PDF.

Good news, really.

macplaxton

Digging round the government budget site (rather than bloke down the pub), here a quick budget round-up:

Carbon Tax

Carbon Tax on fossil fuels introduced in Budget 2010 to increase from the equivalent of €15 per tonne to €20 per tonne. Increase to be applied to petrol and auto-diesel from midnight tonight.

Increase (incl. VAT):
Petrol /Litre (1.499) 1.4 cents 0.93%
Auto-diesel /Litre (1.479) 1.6 cents 1.09%

VAT

VAT rise of 2% to 23% from 1st January 2012. From then, a litre of fuel will have around 3 cent more VAT on it in addition to the above Carbon Tax increase.

Motor Tax

Proposed rates of Motor Tax increases with effect from 1st January 2012:

Private Vehicles: | | |
cc rates | Current rates | Proposed rates | Increase in rate
not over 1,000 | €172 | €185 | €13
1,001 to 1,100 | €259 | €278 | €19
1,101 to 1,200 | €296 | €307 | €11
1,201 to 1,300 | €310 | €333 | €23
1,301 to 1,400 | €333 | €358 | €25
1,401 to 1,500 | €357 | €384 | €27
1,501 to 1,600 | €445 | €478 | €33
1,601 to 1,700 | €471 | €506 | €35
1,701 to 1,800 | €551 | €592 | €41
1,801 to 1,900 | €582 | €626 | €44
1,901 to 2,000 | €614 | €660 | €46
2,001 to 2,100 | €784 | €843 | €59
2,101 to 2,200 | €823 | €885 | €62
2,201 to 2,300 | €860 | €925 | €65
2,301 to 2,400 | €895 | €962 | €67
2,401 to 2,500 | €935 | €1,005 | €70
2,501 to 2,600 | €1,120 | €1,204 | €84
2,601 to 2,700 | €1,164 | €1,251 | €87
2,701 to 2,800 | €1,204 | €1,294 | €90
2,801 to 2,900 | €1,248 | €1,342 | €94
2,901 to 3,000 | €1,293 | €1,390 | €97
3,001 or more | €1,566 | €1,683 | €117
Electrical | €146 | €157 | €11

Cycles and Tricycles: | | |
Electrical | €31 | €33 | €2
Not over 75 cc | €43 | €46 | €3
76cc to 200cc | €58 | €62 | €4
201cc or over | €76 | €82 | €6


Veteran & Vintage:| | |
Motorcycles | €22 | €24 | €2
All other vehicles | €48 | €52 | €4

VRT

No changes yet. However, ones to watch:

Consultation process with the motor industry and other interested parties to commence in early 2012 to review options for the improvement in VRT and Motor Tax revenues in future years. (Details of the consultation

"VRT and Motor Tax Public Consultation on adjusting the current CO2 bands and rates in line with technological advances in motor vehicles" on the Department of Finance website - submissions by 1st March 2012)

Consultation process with the motor industry with a view to putting in place an export refund scheme which would allow for a refund of VRT contained in a vehicle on the permanent export of the vehicle to another Member State.

macplaxton

Dades wrote: »

Yeah - just found that PDF.

Good news, really.

just finished tabling it, with the wee lad on me lap (doesn't half slow me down trying to grab the keyboard )

iphone4g

shawnee wrote: »

Vintage only increased to 52 , so very little change

It just says that they havent forgotten us for the complete review of the motor tax system for next year

corktina

Dades wrote: »

I'm seeing the motor tax increases for the different bands, but not for the "old" system, or indeed the vintage category...

Can anyone confirm this?

I'm not sure I like the sound of this, however:

Interesting how the emphasis is on improving the revenues, rather than the system.

of course the motor industry gains nothing from the Classic Car scene and would lose nothing if it got stung. I don't like the sound of that either.

bijapos

corktina wrote: »

of course the motor industry gains nothing from the Classic Car scene and would lose nothing if it got stung. I don't like the sound of that either.

It would lose plenty. Spares, tyres, oil, cleaning products, all the garages that are involved in repairs and servicing, towing firms (:(), insurance companies and so on. There are loads of people whose livelihoods depends to an extent on classics. Admittedly the SIMI who tend to represent new car dealers has no interest in us but the real motor industry has plenty to gain from us.

unkel

Threads merged to include macplaxton's table!

Dades

Here's hoping the gov look at the classic scene as a needing benefit to community, rather than taxing it as a benefit to the exchequer.

macplaxton wrote: »

just finished tabling it, with the wee lad on me lap (doesn't half slow me down trying to grab the keyboard )

I have that problem too!

Guess who's getting their own "laptop" from Santa.

galwaytt

LIGHTNING wrote: »

If they did some silly with the rates it would put alot of people off using classics. Personally if it went to the current CC rates I wouldnt keep the car.

...if they go to cc-rates, you won't be able to give it away, let alone sell it........damhik........

unkel

And some of us are still on cc rates. €1,683 - yikes

Dades

Me too... till 2013. :pac: (Unless I hanker for something different in the interim...)

"Only" €660 p/a, however!