December 17, 2018

Budget 2019 For Motorists

How will Budget 2019 affect you?

Budget 2019 for motorists
What will Budget 2019 mean for you?

Here are the main point’s from Budget 2019 for motorists and the motor industry in Ireland, compiled by SIMI (Society of the Irish Motor Industry).

  1. 1% VRT surcharge across all VRT Bands for diesel cars, new and used imports
  2. Extension of VRT Reliefs for Plug-In and Conventional Hybrids up to €2,500 until the end of 2019
  3. No increase in carbon taxes
  4. No increase in fuel duties
  5. LPG commercial vehicles relief – a new accelerated capital allowances scheme for gas-propelled vehicles and refuelling equipment
  6. Buses – no diesel-only buses for the urban public service obligation (PSO) bus fleets after July 2019.
  7. The 0% Benefit-in-kind rate for electric vehicles is being extended for a period of 3 years, with a cap of €50,000 on the Original Market Value of the vehicle