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How much extra to pay tax quarterly?

A 3.5-litre car has a road tax of €1,809. How much does it cost if it is paid every quarter? And what is the APR?

Sincerely

Tom

Filed under taxation - Asked by Thomas Hughes (Dublin ) - Mon, 05 Aug 2019 21:03


Answer

Hi Thomas,

Well, APR isn’t actually charged on motor tax, but you will pay extra if you’re paying by the quarter — which is, I guess, a form of interest one way or another. The rate for a 3.5-litre car on the old engine capacity system is €511 per quarter, so you’re paying an extra €235 overall. 

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