VRT - will it go?

C

Ceist Beag

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In some of the weekend newspapers there were suggestions that VRT might be scrapped in favour of a tax based on usage instead. What do people think of this, will it happen? We're currently considering whether to buy a new car here or possibly in the UK so obviously it would be smarter to wait until the new year if VRT is to be scrapped so just interested to hear if other people think this is a runner at all?
 
The only way to tax on usage and eliminate VRT while maintaining revenue levels would be to significantly increase in tax on fuel. While that would suit me nicely, I don't think that would go down well.
 
At the present time it's more likely they would double it.
I cant see the haulage industry allowing a major increase on fuel duties to compensate for vrt
 
The leaked suggestion from the commision on taxation report seems to indicate a move away from large one off taxes (eg stamp duty on houses, VRT on cars) and a move towards something which will give a more certain tax income for the state, ie annual property taxes and a tax on driving(eg congestion charges and increased fuel taxes) and abolishing VRT

Whether or not the Govt will have the liathroidi to do this remains to be seen. The Catch 22 for anyone planning on changing their car and buying a new one is that whilst the price of the new car would drop, the potential trade in price may drop also, likewise the potential price if you go to sell privately

Of course there is nothing in stopping you going into a dealer now and telling him what is in the commission on taxation report on VRT and see is he prepared to do you a deal now rather then let you walk out the door until January, especially if you are a cash buyer
 
I don't see this happening but who knows with this crowd of clowns. I won't be going to UK to buy car until this is clarified. And I certainly wouldn't pay stamp duty with property tax coming in at some stage.
 
I am so frustrated with this country.
What about all the planning permissions that went in to expand the towns and city outwards, the pushing up of prices of houses and people not being able to afford to buy near/with in easy reach of there workplace. They have to buy miles away and are now commuting. Some work shift or it might take an unrealistic time to get too from the workplace.
There has to be a fairer system.
 
They are not collecting VRT from poor car sale, so they will try to get tax another way
 
By abolishing VRT they will immediately devalue the price of every single car on the road, which would have a serious impact on loans secured on those cars .... it also seriously devalues your trade in price , it seriously devalues all the 2nd hand stock in garages etc ... it's not as easy to implement as the chatter on radio stations suggests.
 
Yes, but they have already devalued every 2nd hand car on the road with the recent road tax changes,
 
all cars are devalued at the moment anyway so good time to get rid of the vrt madness and more tax on fuel seems the right way to go.
 
bluemac said:
all cars are devalued at the moment anyway so good time to get rid of the vrt madness and more tax on fuel seems the right way to go.
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YEs but anyone who already bought a car has already paid a significant amount of tax between vat and VRT.

To scrap it now and put it on petrol/diesel means those people will effectively be taxed twice
 
Tax on purchase is not working any more

New knee jerk plan,

Get rid of vrt suits the motor trade lobby.

jack up petrol and diesel keeps the greens on side.

We just have to stop driving easy.
 
There might be no benefit importing a car from NI, but if the fuel prices increase dramatically here, it might be worth heading north to fill up with petrol again (for those close to the border) - defeating the purpose of the tax!
 
crabbybear said:
Also, increase car sales as no benefit importing from uk \ ni.
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Not sure how you can come to that conclusion - you currently pay vrt on cars imported from the uk so if anything abolishing vrt here would just make it even clearer that you would be better off buying in the uk as you don't need to try and calculate how much vrt you would be paying on top of the purchase price!
 
It would almost be like having a single open market of some sort.

What would that be like?
 
In essence I think its a good idea, the more you drive the more you pay, however it will effect hauliers, etc
But bringing it in in one fail swoop might not be a good idea...maybe phase out the VRT over 5-7yrs and phase in the fuel increase over the same period...
Either way we get screwed
 
Ceist Beag said:
Not sure how you can come to that conclusion - you currently pay vrt on cars imported from the uk so if anything abolishing vrt here would just make it even clearer that you would be better off buying in the uk as you don't need to try and calculate how much vrt you would be paying on top of the purchase price!
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I'm assuming if you reduce car prices in Republic of Ireland by abolishing VRt then they would be a similar price to N. Ireland eg 08 Diesel Mondeo here 18k -4k vrt = 14k, N.I 12k sterling = 14k euro.
 
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