The Society of the Irish Motor Industry (SIMI) has expressed reservations over changes to the Vehicle Registration Tax (VRT) categories, due to come into force next year.
The Irish Times reports that three VRT categories are under consideration – M1 or passenger car, N1 type commercial vehicle with a 13.3 per cent VRT rate and N2 type with VRT rate of €50.
“What we are concerned about is that certain types of commercial vehicles, such as small panel vans, which are essential to the small and medium enterprise sector may fall into the N1 category. These vehicles have always being in the €50 group,” SIMI Director General Alan Nolan is quoted as saying.
“We will have to wait for the Budget for confirmation but I think progress has been made on this and that some modifications may be introduced.”
The changes are planned to be introduced on January 1st.
