foreign reg car help

[Monkeynut]

One time, engine size was what Customs would base their shaftings on.
However now, emmissions info (got from manufacturers) is what rates them now.
A friend owed €900 on a 1982 import based on the old way, which rose to €1450
with the new regulations. So much for single market...

This is incorrect. see below...........






Vehicle Registration Tax (VRT)
Change to the Tax Base
Current Tax Regime

Before 1 July 2008 VRT on passenger cars (category A vehicles) is charged as a percentage of the Open Market Selling Price (OMSP) of the car. The percentage is dependent on the engine size of the vehicle, with bigger cars paying a higher rate of VRT. All cars fit into one of three rates as follows:
Category Engine Size Rate
A1 Cars up to 1,400cc 22.5% of OMSP
A2 Cars 1,401 to 1,900cc 25% of OMSP
A3 Cars over 1,900cc 30% of OMSP

A minimum of €315, is payable regardless of the VRT rate charged on a vehicle.


New Tax Regime

From 1 July 2008, VRT payable on category A vehicles will no longer be based on the engine size but rather on the level of CO2 emissions from the car. Linking the VRT rates to the level CO2 emissions will mean that individuals purchasing cleaner, low emission cars will pay less VRT while those opting to purchase higher emitting vehicles will pay more.

A seven-band CO2 emission system will apply. VRT will now be charged as a percentage of the OMSP in accordance with the following table:
CO2 Emissions (CO2g/km) VRT Rates
0 - 120g 14% of OMSP
More than 120g/km up to and including140g/km 16% of OMSP
More than 140g/km up to and including 155g/km 20% of OMSP
More than 155g/km up to and including 170g/km 24% of OMSP
More than 170g/km up to and including 190g/km 28% of OMSP
More than 190g/km up to and including 225g/km 32% of OMSP
More than 225g/km 36% of OMSP

The new system of taxation will be applicable to new and imported category A vehicles.

As the new VRT rates differ from the current rates, the new regime is likely to impact on the VRT to be paid on all passenger cars registered after 1 July 2008. Thereafter, cars with lower CO2 emissions will have their VRT rates reduced. Reductions can be expected across the range of lower emitting vehicles. At the other end of the scale, larger, luxury and high performance models with higher CO2 emissions will be subjected to an increase in the VRT charged.