12 month car tax

Captain Slow IRL

Is this going to be enforced where you have to tax your car for 12 months and do away with the 3 month and 6 month intervals?

Or is it just rumours?

MugMugs

Captain Slow IRL wrote: »

Is this going to be enforced where you have to tax your car for 12 months and do away with the 3 month and 6 month intervals?

Or is it just rumours?

I'd imagine it is merely rumours.

A move like that would probably result in less TAXED cars.

I presume it's rumour, no way am I putting a grand on the windscreen in one go.

RoverJames

RoverJames wrote: »

I presume it's rumour, no way am I putting a grand on the windscreen in one go.

Sorry for going off topic, but if your car was stolen within the first month, would your insurance company refund the tax lost?

Gumbo

Deleted User wrote: »

Sorry for going off topic, but if your car was stolen within the first month, would your insurance company refund the tax lost?

it can go two different ways :

1. you tell the insurance company it was taxed this month and they include the price of it into the settlement figure.

or

2. you claim it back from the motor tax office using the prescribed form.

paddy147

Captain Slow IRL wrote: »

Is this going to be enforced where you have to tax your car for 12 months and do away with the 3 month and 6 month intervals?

Or is it just rumours?

Id love to see the figures from Revenue to show how many people actually do pay for a full years tax in this current econimic climate.

I can bet you that most people only do 6 months at a time or even 3 months,as money for most families is so tight now.

If the Revenue and goverment tried this on on,then there would be a massive decrease in revenue and also a massive increase in dodgey tax discs and untaxed cars on the road.






Enda Kenny is a complete and utter tool,so too is Mr Varadkar with they way the act and think.


Kiss the yes vote and treaty goodbye Mr Kenny and enjoy your term in office,as it will be your 1 and only.

You are out on your ar5e in a few years time for lying to us all,and taxing us all more and more.:mad::mad:

bazz26

I usually tax mine for 12 months but then again it is pretty low at present. But the other day I only taxed it for 6 months so that I can tax it again for 12 months from November before they hike it up in the budget.

AltAccount

This thread is pointless without a link.

patwicklow

Why is the insurance cheaper now then the tax on a car?..wait rip off Ireland...

CiniO

At the moment taxing vehicle for 6 months doesn't make really too much sense.
12 months and 3 months seems the be the only reasonable options.

If you can afford to pay upfront big sum, then 12 months will come cheaper.
If you can't then paying every 3 months even though more expensive, but no need to fork out off big sum once a year.

6 months option, is nearly the same expensive as 3 months, so no point in using it.

jhegarty

I don't think it's even a rumour.

bazz26

patwicklow wrote: »

Why is the insurance cheaper now then the tax on a car?..wait rip off Ireland...

Insurance costs have no bearing on motor tax rates or vice versa.

L-M

Captain Slow IRL wrote: »

Is this going to be enforced where you have to tax your car for 12 months and do away with the 3 month and 6 month intervals?

Or is it just rumours?

Why would they? They get 3.5% extra per quarter off us!

Deleted User wrote: »

Sorry for going off topic, but if your car was stolen within the first month, would your insurance company refund the tax lost?

You'd get back 9 months worth off the tax office. The way they work it is.

Taxed for 3 months you get nothing as you've "used the disc".

Taxed for 6 months you get 3 back.

Taxed for 9 you get 6

And tazed for 12 you get 9.

AFAiK.

MugMugs

Deleted User wrote: »

Sorry for going off topic, but if your car was stolen within the first month, would your insurance company refund the tax lost?

You can't actually Insure Tax, can you ?

It's a bit like insuring yourself against a speeding fine. It's "umpossible" AFAIK.

Tax office would refund though, I'd assume

Voodoomelon

CiniO wrote: »

At the moment taxing vehicle for 6 months doesn't make really too much sense.
12 months and 3 months seems the be the only reasonable options.

If you can afford to pay upfront big sum, then 12 months will come cheaper.
If you can't then paying every 3 months even though more expensive, but no need to fork out off big sum once a year.

6 months option, is nearly the same expensive as 3 months, so no point in using it.

I dunno, if you have a mega tax bill like mine but don't want to keep paying the bloody thing every 3 months, not to mention going through the mental torture each time, 6 months makes sense and that's what I've done. Saves me loosing the price of a week in Vegas in one go too.

Alanstrainor

bazz26 wrote: »

I usually tax mine for 12 months but then again it is pretty low at present. But the other day I only taxed it for 6 months so that I can tax it again for 12 months from November before they hike it up in the budget.

I like the way you think!

Gumbo

Limerick man wrote: »

Why would they? They get 3.5% extra per quarter off us!



You'd get back 9 months worth off the tax office. The way they work it is.

Taxed for 3 months you get nothing as you've "used the disc".

Taxed for 6 months you get 3 back.

Taxed for 9 you get 6

And tazed for 12 you get 9.

AFAiK.

It actually works like this :

you need a minimum of 3 full months from the first day of the following month after surrender.

RF120 Form.

bazz26

Alanstrainor wrote: »

I like the way you think!

Well the way I look at it, motor tax is only going one way for the next number of years so might as well get as long as possible out of the old rate before the budget increases normally come into effect from Jan 1st.

L-M

kceire wrote: »

It actually works like this :

you need a minimum of 3 full months from the first day of the following month after surrender.

RF120 Form.

So you can get 4/5/6/7 months back? Thanks for that.

patwicklow

bazz26 wrote: »

Insurance costs have no bearing on motor tax rates or vice versa.

It did years ago when tax was way way lower then car insurance! so don't know what you mean it has no bearing? It does its a pure rip off and were more the fools for paying it to drive on ****ty pot hole roads!

CiniO

Voodoomelon wrote: »

I dunno, if you have a mega tax bill like mine but don't want to keep paying the bloody thing every 3 months, not to mention going through the mental torture each time, 6 months makes sense and that's what I've done. Saves me loosing the price of a week in Vegas in one go too.

Biggest tax you might have is €2258.
If you pay every 3 months it's €637 which gives annual €2548 so it's extra €290 to fork out for privelege of sprading payment quarterly.

If you decide to pay every 6 months it's €1253 so you are saving €21 compared to 2x3months payment.

I would prefer to keep €637 euro for 3 months and go through all that hassle of few minutes spend on motortax.ie to tax it 4 times a year than 2 times, instead of saving €21 quid.
€637 euro in your pocket for 3 months, might earn you way more than €21.

bazz26

patwicklow wrote: »

It did years ago when tax was way way lower then car insurance! so don't know what you mean it has no bearing? It does its a pure rip off and were more the fools for paying it to drive on ****ty pot hole roads!

Motor Insurance is what you pay for covering the cost of repairing/replacing your car and/or someone elses car in the event of an accident, it can also cover the cost of personal injuries/medical expenses to both you and/or other parties in the event of an accident.

Motor tax is a tariff you pay for owning a vehicle based on the engine size or emmissions of your vehicles. The price of one is not influenced by the price of the other.

CiniO

bazz26 wrote: »

Motor tax is a tariff you pay for owning a vehicle

Not for owning, but for privalege of using it on public roads in Ireland.

Jimdagym

The only time I have ever taxed a car for more than 3 months is when there's a month or two of arrears in there too

bazz26

CiniO wrote: »

Not for owning, but for privalege of using it on public roads in Ireland.

Soon to be "owning" the way things are going.

L-M

bazz26 wrote: »

Soon to be "owning" the way things are going.

Just about to say the same.

Voodoomelon

CiniO wrote: »

Biggest tax you might have is €2258.
If you pay every 3 months it's €637 which gives annual €2548 so it's extra €290 to fork out for privelege of sprading payment quarterly.

If you decide to pay every 6 months it's €1253 so you are saving €21 compared to 2x3months payment.

I would prefer to keep €637 euro for 3 months and go through all that hassle of few minutes spend on motortax.ie to tax it 4 times a year than 2 times, instead of saving €21 quid.
€637 euro in your pocket for 3 months, might earn you way more than €21.

Best you're gonna get with savings interest is about 3% which falls short of €21.

The saving with 6 months compared to 3 months is not of much interest to me, its the saving of mental anguish every time I have pay the blasted thing!

ninty9er

Excuse my accounting head, but what exactly is wrong with expecting that people would pay 12 months motor tax.

If you own a car, you are aware the tax is going to fall due again about 50 weeks from when you get the disc, so plan for it, like you would a holiday, a communion or Christmas.

It's not rocket science.

Eoin

MugMugs wrote: »

You can't actually Insure Tax, can you ?

It's a bit like insuring yourself against a speeding fine. It's "umpossible" AFAIK.

Tax office would refund though, I'd assume

Making a claim with your insurer is a negotiation. My dad got a higher value (after a lot of back and forth) as he had just taxed his car before it was stolen.

patwicklow wrote: »

Why is the insurance cheaper now then the tax on a car?..wait rip off Ireland...

Would you rather go back to when insurance was far higher so motor tax doesn't seem as much to you?

ninty9er wrote: »

Excuse my accounting head, but what exactly is wrong with expecting that people would pay 12 months motor tax.

If you own a car, you are aware the tax is going to fall due again about 50 weeks from when you get the disc, so plan for it, like you would a holiday, a communion or Christmas.

I think that some people would rather not tie up all that cash that you can never claim back unless the car is written off, and don't mind paying a premium for that. Especially people who don't know if they'll be keeping their car for the full year.

haminka

patwicklow wrote: »

Why is the insurance cheaper now then the tax on a car?..wait rip off Ireland...

depends on the car. mine is half the price of the insurance

Wolverine_1999

ninty9er wrote: »

Excuse my accounting head, but what exactly is wrong with expecting that people would pay 12 months motor tax.

If you own a car, you are aware the tax is going to fall due again about 50 weeks from when you get the disc, so plan for it, like you would a holiday, a communion or Christmas.

It's not rocket science.

You, sir, are not only in the iCloud but also in the clouds..

Alun

I usually tax for 12 months as I don't want to pay the extra cost associated with paying for shorter periods. The only time I've ever paid for a shorter period was when I was planning on selling a car soon, or to get my tax and insurance 'out of sync' so I don't get landed with both in the same month.

Bartyman

Alun wrote: »

I usually tax for 12 months as I don't want to pay the extra cost associated with paying for shorter periods. The only time I've ever paid for a shorter period was when I was planning on selling a car soon, or to get my tax and insurance 'out of sync' so I don't get landed with both in the same month.

Why do you have to pay the extra cost for shorter periods, if your renewing it on-line yourself.

Surely it's another rip-off ?

ninty9er

Wolverine_1999 wrote: »

You, sir, are not only in the iCloud but also in the clouds..

I find €12 a week a lot more affordable than a hit of €170 a quarter with an €75 annual premium for the privilige.

I also like that the saving mounts to about €95 quid a year by the time I accrue the interest on the €25 I put away for tax and insurance every week.

If I drive for 60 years that's a saving of almost €6k if I drive the same car forever.

I think I'll stick with the iCloud, it makes sense up here on my high cloud.

Esel

Limerick man wrote: »

Why would they? They get 3.5% extra per quarter off us!

They actually get between 10% and 12.5% extra.....

ShadowHearth

ninty9er wrote: »

Excuse my accounting head, but what exactly is wrong with expecting that people would pay 12 months motor tax.

If you own a car, you are aware the tax is going to fall due again about 50 weeks from when you get the disc, so plan for it, like you would a holiday, a communion or Christmas.

It's not rocket science.

There is everything wrong about it.

1. Now bare with me, but not all people can afford to pay out around 700eu in one go. I know, shocking, those poor bastards, and I mean poor as not rich!

2. If you want to buy new car, you are limited to buy it only around tax is on its way out. Imagine paying full years tax and then deciding in 2 months that you need to change car, as this one is too small or you need better mpg?

3. It will make bangornomics less desirable. My fordy is still going, but. Would not be confident enough t put more then 3 months tax on it. If something goes Seriuosly wrong on 500eu car, then I will just scrap if. I don't want to scrap 10 months tax with too.

4. Big faults. My brother in law payed tax on his car and next week timing belt snapped. He had no spare money for full repair as he sank all in to years tax. So his car was taxed amd off road for 3 months, before he could manage to collect needed money.

It's just like always. Goverment just looking after the rich ones, but if you are poor and can't afford new car with low tax, then pay high tax. oh yeah, now you will have to pay for 1 year in advance! Muhahahahah what a loser!!!

atech

ninty9er wrote: »

I find €12 a week a lot more affordable than a hit of €170 a quarter with an €75 annual premium for the privilige.

I also like that the saving mounts to about €95 quid a year by the time I accrue the interest on the €25 I put away for tax and insurance every week.

If I drive for 60 years that's a saving of almost €6k if I drive the same car forever.

I think I'll stick with the iCloud, it makes sense up here on my high cloud.

I assume you are in the 1.8-1.9 pre '08 category so it's actually

€626 annual
€176 quarterly
€78 premium

€25 put away every week?
25x52 = €1300 so I'm guessing your insurance is about €674 so the premium by paying quarterly on that is probably around the €78 mark too.

So by paying both insurance and tax quarterly you pay a premium of about €156

Even if you invested the full €1300 in a 4% fixed term account you would only get €52 interest before DIRT (of approx €14).
This also excludes the interest you lose on the money going out each quarter.

So by paying quarterly you are losing at least
156-38(52-14)= €118 annually

How does that make sense?

atech

ninty9er wrote: »

I find €12 a week a lot more affordable than a hit of €170 a quarter with an €75 annual premium for the privilige.

I also like that the saving mounts to about €95 quid a year by the time I accrue the interest on the €25 I put away for tax and insurance every week.

If I drive for 60 years that's a saving of almost €6k if I drive the same car forever.

I think I'll stick with the iCloud, it makes sense up here on my high cloud.

Sorry read that again and I see your actually pay annually not quarterly.

What are you on about €25 interest being put away each week so? By paying annually you don't have €25 to put away each week?

L-M

Esel wrote: »

They actually get between 10% and 12.5% extra.....

Seems so. The last time i checked the 1/4 fee was 28.5 percent of the full amount.

Edit:

Wait,

1683 x 28.5% = 479.65. The quaterly fee is 475.

What am i missing?

Esel

A quarter of 1683 is just under 421

You pay 475, which is an extra 54

54 is 11.5% of 421, so this is the premium you pay over the actual quarter amount.

[ 54 is 3.2% of 1683 alright, but if you quote this percentage, you need to say that you are paying 3.2% of the annual charge as a premium each time you renew for three months..... ]

L-M

But you're not paying a premium on the quaterly amount you're paying the premium over paying the full amount.

Anywho, you pay more. Lets leave it at that!

clappyhappy

My jeep is e829 to tax annually, I always pay it every 12 months to avoid giving them extra, but what I do through out the year is collect all my loose coins, cash them in and then pay it. Doesnt seem to hurt as much. Don't owe anything on the jeep so in no rush to change it.

ShadowHearth

clappyhappy wrote: »

My jeep is e829 to tax annually, I always pay it every 12 months to avoid giving them extra, but what I do through out the year is collect all my loose coins, cash them in and then pay it. Doesnt seem to hurt as much. Don't owe anything on the jeep so in no rush to change it.

I domt have spare coins since 2009..... That's a lot of spare coins each year you got lol.

2 stroke

Should be an option to pay 1 month. Many people have an older car that they like to drive occasionaly, maybe Christmas and holidays, when they can't make use of company car. Friend of mine in Australia maintains a car here, he is home twice a year, 2 or 3 weeks at a time. last year he paid 6 months motor tax for 5 weeks driving, car is parked on private property when not in use. Its a rip off to have to pay minimum 3 months tax if you only want to drive for maybe just 1 or 2 days.

clappyhappy

ShadowHearth wrote: »

I domt have spare coins since 2009..... That's a lot of spare coins each year you got lol.

Sometimes I have to top it up, but when you collect the e1 & e2 coins it don't be long adding up.

shanec1928

ShadowHearth wrote: »

There is everything wrong about it.

1. Now bare with me, but not all people can afford to pay out around 700eu in one go. I know, shocking, those poor bastards, and I mean poor as not rich!

2. If you want to buy new car, you are limited to buy it only around tax is on its way out. Imagine paying full years tax and then deciding in 2 months that you need to change car, as this one is too small or you need better mpg?

3. It will make bangornomics less desirable. My fordy is still going, but. Would not be confident enough t put more then 3 months tax on it. If something goes Seriuosly wrong on 500eu car, then I will just scrap if. I don't want to scrap 10 months tax with too.

4. Big faults. My brother in law payed tax on his car and next week timing belt snapped. He had no spare money for full repair as he sank all in to years tax. So his car was taxed amd off road for 3 months, before he could manage to collect needed money.

It's just like always. Goverment just looking after the rich ones, but if you are poor and can't afford new car with low tax, then pay high tax. oh yeah, now you will have to pay for 1 year in advance! Muhahahahah what a loser!!!

if you scrap the car the proper way you can claim the tax back.

keithclancy

I just divide mine by 12 and have an automatic standing order to put it into the car account

I pay quarterly, although its just by Giro, so I get a bill and just pay it online without all that tax disc jazz or queuing.

keithclancy

2 stroke wrote: »

. Its a rip off to have to pay minimum 3 months tax if you only want to drive for maybe just 1 or 2 days.

Rent one, its far cheaper.

I rented a car for just off 10 euros a day when in Ireland last week.

blowtorch

Opening for NEW flat-rate tax. Like the new 'Communications' tax (or whatever it is to replace the TV licence), there could be a new Transport tax. Every household would pay, regardless of whether they have a motor vehicle or not, as they will still use Buses / Trains /Sullies.

:-))

CiniO

keithclancy wrote: »

Rent one, its far cheaper.

I rented a car for just off 10 euros a day when in Ireland last week.

That's true.
Renting car in Ireland seems to be incridebly cheap.
A friend of mine rented one last year in February for 3 days when he was visiting me, and all he paid was 35 quid :eek::eek::eek:

Last time I was renting car in Poland for 7 days, the absolutely cheapest I found was €220, and actually anything that I could fit 4 people with luggage I had to pay €300 which makes it over €40 per days.

I can't understand a logic behind it, as comparing Ireland with Poland cars are more expensive to buy in Ireland due to VRT. There is expensive road tax in Ireland while nothing like that in Poland. Cost of insurance in Ireland is 10x bigger than in Poland. Cost of labour (for car rental company staff) is also way cheaper in Poland. So why is it so cheap to rent in Ireland and so expensive to rent in Poland?

Eoin

CiniO wrote: »

A friend of mine rented one last year in February for 3 days when he was visiting me, and all he paid was 35 quid :eek::eek::eek:

I think I paid a similar daily rate for 7 days when I was between cars last year. I got a corsa which was horrible to drive, but if I had turned up earlier I'd have gotten a Fiesta or Punto.