In Budget 2016 Motor tax on commercial vehicles is to be overhauled. This will see the largest vehicles dropping by nearly €4,300 a year.
Minister for Finance Michael Noonan said he will be replacing the current 20 existing motor tax rates for commercial vehicles with just five. These will range from €92 to €900. The current system starts at €333 and rises to €5,175.
The new regime will feature an annual motor tax charges as below.
| €92 for electrical goods |
| €333 for vehicles up to 3,000kgs |
| €420 for vehicles up to 4,000kgs |
| €500 for vehicle between 4,000kgs and 12,000kgs |
| €900 for vehicles over 12,000kgs |
Contact Tailored Payroll for all your payroll needs on 0419883524 or Request a callback from a qualified Payroll Team member today.
Tailored Payroll Blog 