How much extra to pay tax quarterly?
Filed under:
taxation
The question
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
Asked by Thomas Hughes ·
Expert 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.
Answered by Neil Briscoe