BUDGET 2016: Hauliers happy as top commercial motor tax cut to €900

Motor tax on commercial vehicles is to be slashed — with tax on the largest vehicles cut from €5,195 to €900.

Finance Minister Michael Noonan plans on simplifying the rates of commercial motor tax by replacing the existing 20 rates with just five rates ranging from €92 to €900.

This will come into effect from January 1, 2016.