Reduction in road tax for HGV’s will provide further relief for local Hauliers – McEntee

Fine Gael TD for Meath East Helen McEntee has welcomed the announcement in Budget 2016 that the tax bands currently in place for Heavy Goods Vehicles (HGV’s), have been restructured and the costs reduced.

‘As a Member of the Joint Oireachtas Committee on Transport & Communications I wholeheartedly welcome todays announcement that the current tax bands in place have been restructured and the highest band will now be €900’.

‘Having worked with local Hauliers as well as the Irish Road Haulage Association (IRHA) I know that the announcement will have a huge impact on many businesses nationwide.   Reduced rates will ensure a positive change on margins and the total overhead costs of running their businesses’.

‘Currently there are 20 different tax bands covering HGV’s, the most expensive rate at present is €5,915.  Today’s announcement by Minister  Noonan will see this figure reduce to €900’.

‘Under the new system there will now be only 5 tax bands varying from €92 to the maximum level of €900’.

‘This is an interim measure pending the replacement of the current commercial motor tax regime with a fairer basis for calculating commercial motor tax, which will be based on the Gross Design Vehicle Weight of the goods vehicle’.

‘The impact on the haulage industry will be huge and will hopefully assist Hauliers to update fleets, promote their businesses and ultimately add to a more vibrant and buoyant business model into the future, creating jobs and assisting with our economic recovery’.

‘I look forward to continuing my work with the IRHA and also the many Hauliers who operate businesses in Meath’.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s