Are my maths on a BMW import right?
Hi,
I am looking at importing a BMW 4 Series from the UK, March 2018 with 100 miles on the clock. I am trying to work out the tax implications. Can you let me know if my assumptions below are correct?
Purchase price in UK £23,000 = €26,200
VAT Qualifying @20% = €4,367
VRT = €7,069 (from VRT calculator)
Revenue OMSP = €37,206
Irish VAT = €37,206 X 23% = €8,557
Total import cost = €26,200+€7,069+€8,557 = €41,826
VAT refund from UK = €4,367
Total car cost = €37,459
Thanks
Tim
