Budget fallout

[pergau]

"VRT rate will be determined by Carbon Dioxide emissions of the car and not the engine size"

How bad is it?

[Muad_dib77]

Well - they're certainly not going to make it cheaper ..

I'm guessing it'll all get a wee bump upwards - thought I thought I remembered reading somewhere that the VRT was to be phased out but that's obviously not the case..

Oh dear.

[colm_mcm]

would only apply to new cars registered as they wouldn't have all the data required for older cars.

[Bernard]

I was listening to the radio today, I think it's a 10% increase for anything 2.2 and below...

[colm_mcm]

is this road tax or VRT Bernard?

[Sebastian]

9 % increase 0-2500 cmc
11% increase > 2500 cmc

TAX that is

[steelroe]

Older cars will be determined by the manufacturers emmision declaration when car was manufactured.

[RussMan]

its soooo stupid... Why not put the tax on the petrol and abolish all road tax... makes so much more sense. The more petrol you use the more you pollute therefore the more you pay for it!!!

[colm_mcm]

That's ridiculous RussMan. That'd be too easy.
Hang your head in shame.

[Myfeckin FTO]

Does ANYONE know the CO2 rating for the FTO?

[colm_mcm]

I've searched for it before and could only see that it met a minimum requirement for cars in Japan at the time.

[CJ]

Does ANYONE know the CO2 rating for the FTO?

I was looking into this a while back when researching VR4's, its difficult to get this info for JDM models. Heres some info for those of you who think maths are deadly:

"When we fill our cars up at a petrol station we don't tend to buy petrol by the kilogram, we buy it in litres. Given that octane has a density of 0.702 kg/l can you now calculate the volume of carbon dioxide produced at room temperature and pressure when 1l of octane is burned? Show your workings in the box below.

Use these figures to check your calculations:
704 g of carbon dioxide and 324 g of water are produced by burning 228 g of octane
3.09 kg of carbon dioxide is produced by burning 1 kg of octane
1685.5 litres of carbon dioxide are produced by burning 1 kg of octane
1183 litres of carbon dioxide are produced by burning 1 litre of octane"

Should be able to work out VR-4 CO2 emissions from the above and our mpg figure (assuming stoichimetric AFR)

Assuming an MPG of 20:

Miles to km conversion factor 1.61
km/G 32.19
G to L conversion factor 4.55
km/L 7.08
L burned in 1km 0.14124
Octane Density 0.70200 kg/l
kg burned in 1km 0.0992
kg CO2 per kg octane burned 3.0900
kg CO2 per km 0.3064
g/km 306.4

If I were to hazard a guess, I'd say the FTO is down around 220g/km

CJ

[Myfeckin FTO]

....If I were to hazard a guess, I'd say the FTO is down around 220g/km

CJ

Interesting - BUT - the above calculation doesn't take into account the efficency of the fuel burn and Cat/exhaust efficiency etc. I reckon it could easily exceed the 226CO2 per km max tax band when it comes in.

[mcgon1979]

Budget could have been much worse lads... much. I still think its unrealistic though. They lost 600million projected revenue last year from lack of stamp duty when people stopped buying. The 9% increase and 11% increase in motor tax will bring an extra 90million per year. not much considering the losses. Income tax bands changed so you'll all be about 45 squids a month better off if you earn average industrial wage. Maybe my house will actually sell now. no viewings in 2months, I think they all been waiting for this stamp duty reform, and increases in tax relief at source on mortgage payments. sell sell sell.

[soc]

Budget could have been much worse lads... much.

Next year it could be a lot worse - this year we had 5% growth and we still had a shorfall in tax revenue - next year we have a forcast for 3% growth so you can imagine where we'll be come budget 2008. And this excludes any further impact of subprime, rising petrol prices and the continuing slow down in the housing market.

[Muad_dib77]

Cars that aren't powered by fossil fuels had better get their game together.. What we need it something like that telsa yoke - but one that'll be avail in Ireland and work on the roads here..

[Myfeckin FTO]

....If I were to hazard a guess, I'd say the FTO is down around 220g/km

CJ

Interesting - BUT - the above calculation doesn't take into account the efficency of the fuel burn and Cat/exhaust efficiency etc. I reckon it could easily exceed the 226CO2 per km max tax band when it comes in.

Done a bit of research here - it seems that the common consensus is as follows:

1.8 GS - 195CO2 per km
2.0V6 GR/GX - 235CO2 per km
2.0V6 GPX/GPvR - 260CO2 per km.

This would mean that any 2 litre FTO imported from July next year (from UK or Japan etc) would very likely be subject to the €2K road tax.
Our FTO's are about to become a lot rarer on Irish roads.

[V98r]

So what does this mean for existing fto's tax costs

[Myfeckin FTO]

So what does this mean for existing fto's tax costs

AFAIK -New CO2 tax will only apply to FTOs imported into Ireland from July 08. The older engine size based tax (inc recent increase) will apply otherwise.

My point is that this will virtually halt the flow of importing FTO's. And as they are becoming a much more common sight in scrapyards - a clean FTO will be a hard car to find. On the upside I would expect that existing FTO's will hold their value very well indeed as they will be a good performance car for the Road Tax money.

[colm_mcm]

It'll also make taxing the likes of Glanzas and Integras quite interesting too.

[mcgon1979]

It'll also make taxing the likes of Glanzas and Integras quite interesting too.

DC5 (2000 model) puts out 187g/km 2.0 litre engine

the older 1.8 Tyre R integra DC2 puts out 208g/km

So your looking at paying 1000 a year cheapest tax really. possibly more on an older DC2.

[Dave]

are you sure this is not just on NEW cars, as in newly made not imported?

[CJ]

are you sure this is not just on NEW cars, as in newly made not imported?

This is my understanding as well. No point in scare mongering unless we know tha facts!

CJ

[Myfeckin FTO]

are you sure this is not just on NEW cars, as in newly made not imported?

This is my understanding as well. No point in scare mongering unless we know tha facts!

CJ

Perhaps this link will help explain better in relation to the VRT - http://www.budget.gov.ie/2008/downloads/AnnexD.pdf


In particular this paragraph: -
The VRT rate applicable to new and used imported cars registered on or after 1 July 2008 will be determined by the CO2 emission rating of the car and will no longer be related to engine size.

See here in relation to Road Tax from July 08 -
http://www.ireland.com/newspaper/breaki ... tml?via=mr

Particularly Minister Gormless' comments - with effect from July 1st next year, there will be a "fundamental change" in the manner in which motor tax is charged for all new cars and imported cars.

Tax will in future be charged solely on the emissions and the system will be rebalanced in favour of cars with lower emissions, he said. This system only applies to cars bought from next July.

[Wildhound]

That still doesn't suggest that annual road tax will be changed for used imports. I would find it highly unusual if they took that stance, the idea that there could be one FTO costing ~€600 per year and another identical car imported later paying €1-2000 seems more than a little bizarre.

Still, you never know with those eejits in charge...