What does Budget 2025 mean for the motorist?
The 2025 budget was announced by Minister for Finance Jack Chambers and the Minister for Public Expenditure Paschal Donohoe. From fuel hikes to VRT, here’s everything motorists need to know writes Geraldine Herbert Benefit-in-Kind (BIK) For company car users, the temporary €10,000 BIK relief introduced in 2023 has been extended. Employees with electric vehicles will benefit from a total BIK relief of €45,000 in 2025. This will...
What does Budget 2024 mean for the motorist?
Finance Minister Michael McGrath and Minister for Public Expenditure Paschal Donohoe have presented the 2024 Budget. From fuel price increases to VRT, here’s everything motorists need to know… There were no real surprises in the budget and the key takeout for motorists is that excise will not be restored on fuel prices as planned on Oct 31st and VRT relief will continue on EVs until the end of 2025. Here’s our summary of...
What’s in store for the Motorist in Budget 2022?
Budget 2022 could see drivers face higher car prices and fuel prices writes Geraldine Herbert Fuel prices Excise Gap between Petrol and Diesel – Currently excise on petrol is 11.6 cents higher per litre than diesel. The lower excise on diesel was originally conceived as a support to businesses reliant on diesel as fuel, but the gap in taxes paid between petrol and diesel has also substantially increased the number of diesel cars...
