How come we can give energy ratings to refrigerators, hobs, even kettles - and we can't (or wont) come up with a similar system for cars? This isn't an Irish issue - its a world issue - subdivided into regions. With a standardised EU energy rating for vehicles sold in the EU we could come up with standard policies for taxing - giving advantages to cars with the best ratings - regardless of engine size, fuel or other considerations.

One standard rating would incorporate fuel, mileage estimates, emissions, and other factors developed by an independent agency, like CE or TUV, or even better - ISO. Instead we get each countries take on what is best for it's citizenry.

 

So, running BioDiesel (zero net CO2 emission) accounts for nothing, taxed like the paper spec says, total BS.

 

The problem is still that arse-about-face method of calculating VRT, i.e. as a function of a perceived selling price. All well and good saying the VRT percentage will drop but it's still a percentage of the OMSP which nobody knows.

Revenue will not tolerate a fall in tax take, so if the average punter decides to go for the cheaper cars they will have to hike the taxes to compensate for any fall in revenue from so-called "dirty" cars.

 

Be interesting to see used car values next summer

 

Ditto!

My car puts out 228 g/km. So on that basis, from July, the VRT on a BMW 335 is going to jump up another 6%. Surely that will do positive things for residuals on a used similar car? Or maybe that would be too straightforward!

 

So is this only for new cars?

As in if your bringing a car in and its petrol do it now and if its diesel wait till july?

 

On the Octy vRS TFSI it will CO2- Emission - g/km 188*

So whats the story between 140 and 225 ????

 

Taken from boards.ie:

0-120 ... 14%
121-140 ... 16%
141-155 ... 20%
156-170 ... 24%
171-190 ... 28%
191-225 ... 32%
225+ ... 36%

 

QUOTE(thos @ Nov 28 2007, 09:27 AM) [snapback]92817[/snapback]
Taken from boards.ie:

0-120 ... 14%
121-140 ... 16%
141-155 ... 20%
156-170 ... 24%
171-190 ... 28%
191-225 ... 32%
225+ ... 36%


Hmm, 2.0 tdi (140brake) golf has 148 g/km so VRT would drop by 10%.
Am i being a bit pessimistic in saying that because VRT drops, the car becomes more desirable and the VRT people will just value it higher?

 

I have to pay the duty on my mk2 "8v" which is @ €848. do you guys think I should pay it now or wait until the new year?

 

Can you not claim 'but sure it isn't an 8v' Kevin? You might get it for less that way.

 

Im not sure, doubt it really, the vrt on a 16v is over a grand...

Fcukin pricks in this country, I would love to know how they get away with it. and with our excellent roads, the money is defo going to good use

 

QUOTE(thos @ Nov 28 2007, 09:27 AM) [snapback]92817[/snapback]
Taken from boards.ie:

0-120 ... 14%
121-140 ... 16%
141-155 ... 20%
156-170 ... 24%
171-190 ... 28%
191-225 ... 32%
225+ ... 36%


So the Octavia vRS would drop by 2%

 

Is it affecting second-hand cars that are being VRT'd or just new cars registered in the new year

 

QUOTE(Tony D @ Nov 28 2007, 10:41 PM) [snapback]92927[/snapback]
Is it affecting second-hand cars that are being VRT'd or just new cars registered in the new year


@ a guess, I would think its all cars, they wouldn't let that slide

 

I thought the second hand cars VRT was based on the Open Market selling price (OMSP) the bullshit one?

New cars = (cost of the car from the manufacturer + 21% VAT) * VRT rate.

 

Having read the board.ie thread linked above it seems that diesels will come down a good bit in price if this change goes through.

For example a 2.0 TDI A4 costing 44000 currently has VRT of 30% applied to it.

Taking the formula generall accepted, the pre vrt price of this car is 30800.

So in the new system a VRT rate of 20% will be applied.

30800 = 80% of new price

385 =1%

New price is 38500

Seems a fair whack off?

 

And are dealers actually going to pass on all the savings to the consumer??? I doubt it.

Dealers will operate in a Cartell again, as they have done for years. Their second hand stock will be devalued massively if they start retailing new yolks for less that a one or 2 year old car they have in stock that they have traded in. These traded in cars will still stand them the trade in money dont forget.

 

Well as was pointed out on boards the 50% VRT saving on current Ford, Volvo and Saab flexifuel along with hybrids is definitely passed onto the buyers.

Budget will be worth watching in a few weeks to see what actually happens and if Biffo (love that name

accepts the change.

 

QUOTE(Trevor @ Nov 29 2007, 03:32 PM) [snapback]93032[/snapback]
Having read the board.ie thread linked above it seems that diesels will come down a good bit in price if this change goes through.

For example a 2.0 TDI A4 costing 44000 currently has VRT of 30% applied to it.

Taking the formula generall accepted, the pre vrt price of this car is 30800.

So in the new system a VRT rate of 20% will be applied.

30800 = 80% of new price

385 =1%

New price is 38500

Seems a fair whack off?


AFAIK, the VRT calculations are different.

VAT is included in the selling price, at 21%. (Remember when you by a new car you are paying VAT on the VRT)

Current price €44,000,
VRT = €13200
VAT = €7636

Pre-tax price would be €23,164

After the VRT changes, we still do not know what the OMSP will be. Who's to say it won't be still €44,000 ?

Let's say AUDI decide the OMSP will be €42,000
VRT will then be = €8400
VAT will be €7289

Pre-tax figure would be €26,311

Audi could decide to leave the selling price as it is and pocket the difference. Not all the savings, if any, will be passed to the consumer.

 

Sorry Paul but you pay VRT on the price of the car + VAT.

(cost of car + 21%)* 30% . tax on tax.............

So for my calculations I presumed that VAT of 21% was included in the 30,800.

There will be some trick pulled alright so that the secondhand market does not go into a dive.

 

QUOTE(Trevor @ Nov 29 2007, 04:12 PM) [snapback]93041[/snapback]
Sorry Paul but you pay VRT on the price of the car + VAT.

(cost of car + 21%)* 30% . tax on tax.............

So for my calculations I presumed that VAT of 21% was included in the 30,800.

There will be some trick pulled alright so that the secondhand market does not go into a dive.


But what trick though? I've you've got a one year old car sitting outside standing you 38K as a trade in and the new one you can retail for 35.5K what's going to happen? Dealers won't just let the secons hand cars sit there for that money and they can't take a hit on it either......

It'll be very interesting. Is the second hand market going to take a smack?

 

i've doing some researh into this as i'll be bringing in a rice rocket, as soon as the one i want turns up, and for jap import jobbies, of which ther eare a lot of vw's lately, the taxation goes as follows. first there is 10% excise duty of the paid price then there is 21% vat on the new total and finally there is VRT on the current market value of the vehicle.

 

If dealers don’t pass on the saving people will start going to the Uk for new cars and get the saving on a brand new car even with VRT and VAT. For once it looks like big petrol engine cars will actually hold some valve over the next 18 months.

 

Road Tax is going up 9.5% if the car is under 2.5L
Going up 11% for over 2.5L