Budget 2004 - What about VRT?

Kersh · 02-12-2004 8:38am #1

I thought the EU were putting a lot of pressure on Ireland to abolish VRT. How come nothing was done? Surely the EU has to force the issue soon?

puntosporting · 02-12-2004 8:46am

The irish government has been heavily fined for the last few years by the eu over vrt but whats another couple of years to the government,there making too much money to just end it!
You wait there will be some new tax introduced to replace it either that they will just increase the car tax rates to a massive degree.

impr0v · 02-12-2004 11:26am

980 odd million made in 2003.

EDIT: just noticed that the thread with my original post about this is still around

comanche · 02-12-2004 12:27pm

if you want to get a 'hybrid' the 50% refund of Vehicle Registration Tax on the purchase of ‘hybrid’ vehicles is extended to 31 December 2006.

*yay*

Don't reckon there is much of a choice in the range of hybrids? Anyone know whats available and what the recommend retail prices are?

unkel · 02-12-2004 12:40pm

comanche wrote:

Anyone know whats available and what the recommend retail prices are?

The only hybrid for sale in Ireland afaik is the European Car of the year 2005, the Toyota Prius @ €29k roughly

ambro25 · 02-12-2004 1:34pm

What about full electrics? I tried a battery-powered Clio and a battery-powered 106 some years back, and they were way cool (but pricy because of the batteries, though + autonomy sucked a bit)... Would you get 100% VRT exemption, since they're not 'hybrids' but "fully-green"?

Victor · 03-12-2004 12:37am

puntosporting wrote:

The irish government has been heavily fined for the last few years by the eu over vrt

Link please?

Seth Brundle · 03-12-2004 12:08pm

As the EU has not harmonised taxes yet, it is up to each country to decide their own tax rates. Ireland has chosen to have a low Corporation tax rate and a high vehicle registration tax. Both of which are anti-competitive according to the Eu but both are fully legal. I am not aware of the EU imposing a fine on Ireland either!

puntosporting · 03-12-2004 12:24pm

Im searching for the source...

BrookieD · 03-12-2004 1:31pm

unkel wrote:

The only hybrid for sale in Ireland afaik is the European Car of the year 2005, the Toyota Prius @ €29k roughly

SO if I buy this car for 29k i get 50% of the VRT back?

knifey_spoonie · 03-12-2004 7:33pm

No the 50 per cent VRT refund is inc in the price in the Prius

I read somewhere a while back if income tax was raised by 4 per cent VRT could be abolished *i can really see them doing that*

djeclips · 10-12-2004 7:47pm

What would happen to the poor ould joe soap who got his new car and just after they abolish it? Refund?(not likley)
Am thinking of upgrading to a new Zs at the mo,would it be better to wait and see or will it be ages until things are sorted,If anything?

Col.

Victor · 10-12-2004 8:30pm

djeclips wrote:

What would happen to the poor ould joe soap who got his new car and just after they abolish it? Refund?(not likley)

No, there would be no refund. If / when they abolish it they would likely do it on a sliding scale.

djeclips wrote:

would it be better to wait and see or will it be ages until things are sorted

Don't expect anything soon.

Budget 2004 - What about VRT?

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