Budget no change may provide platform for recovery

Minister for Finance Michael Noonan has not adjusted Motor Taxation for 2015. This will undoubtedly add to the current “feel good factor” which is beginning to take hold in the industry. There is a sense that Ireland’s car industry is over the worst of the crisis and the news today – that nothing has changed in terms of motor tax or VRT – will be welcomed by motorists.

Cartell Director Jeff Aherne says:

The industry is in the process of finding its feet again, and we concluded – back in July – that the market is returning to its usual 3 or 4 year sales cycle. The move by Government today, to leave motor taxation rates as they are, is a good move as it will permit the recovering market to stabilise still further and help provide a platform for growth and recovery in 2015.”

Here are the Motor Taxation and VRT rates for 2015:

Table 1: Motor Taxation Regime 2015

Band Co2 Motor Tax 2014 € Motor Tax 2015 € Difference
A0 0 120 120 0
A1 1 to 80 170 170 0
A2 81 to 100 180 180 0
A3 101 to 110 190 190 0
A4 111 to 120 200 200 0
B1 121 to 130 270 270 0
B2 131 to 140 280 280 0
C 141 to 155 390 390 0
D 156 to 170 570 570 0
E 171 to 190 750 750 0
F 191 to 225 1200 1200 0
G 226+ 2350 2350 0

Table 2: VRT Regime 2015

Band Co2 VRT 2014 % VRT 2015 % Difference
A1 0 to 80 14 14 0
A2 81 to 100 15 15 0
A3 101 to 110 16 16 0
A4 111 to 120 17 17 0
B1 121 to 130 18 18 0
B2 131 to 140 19 19 0
C 141 to 155 23 23 0
D 156 to 170 27 27 0
E 171 to 190 30 30 0
F 191 to 225 34 34 0
G 226+ 36 36 0

 

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