How is VRT for a crashed car calculated?
Filed under:
crashed cars
The question
How does Revenue calculate VRT on a crash-damaged car?
Asked by Oisin ยท
Expert answer
Hi Oisin,
It's pretty much the same method as calculating VRT for a not-crashed car. The CO2 rating of the car determines the VRT band and then the Open Market Selling Price (OMSP) is reduced to take into account the devaluation of the car due to the crash damage. It's never easy to guess how much Revenue will reduce the OMSP by of course.
Answered by Shane O' Donoghue