How much would VRT be on a Kia Optima?
Hi,
I am thinking of buying a Kia Optima in the UK. It costs approximately £14,000/£15,000. How much would the VRTcost?
The car will be brought to Ireland.
Thanks
Paul MC Namara (Cork. Ireland )Feb 2016 Filed under: VRT
Expert answer
Hi Paul,
I can't tell you as you won't get a final figure until you bring it to an NCT centre for assessment, and Revenue will give you the cost of the VRT. Anything I tell you is mere speculation, but if you want a very vague ballpark figure, a 2014 Optima will probably be judged to have an Irish Open Market Selling Price (and that's what Revenue will base its assessment on, not the price you pay in the UK) of around €24,000. With 136g/km CO2 emissions, that means you're in Band B2 for tax, so that means 19 per cent of OMSP, which works out at roughly €4,500.
But, please, don't take my word for it...
I'm trying to import a BMW X5 for business.
I would like to import a BMW X5 from the UK, which is VAT qualifying and use it here for my business. My business is VAT registered and I wish to pay the VRT on business class (five-seater converted), but the VRT office will not give me an answer if it can be done even though garages are selling them here as five-seater business class. They also told me that I would have to pay the VAT here and then reclaim the VAT. This is not the case with any other import and I am sure that it goes against the free trade rule. What do you think can be done?
Peter O Reilly (Dublin)Feb 2016 Filed under: importing
Expert answer
Hi Peter,
As an import, each car is individually inspected and rated for VRT, which is probably why Revenue is being evasive - they really don't like to pass judgement on something they've not seen, even if it is nominally the same as an Irish market car. Ultimately you shouldn't have any problems - if the X5 can be categorised as an N1 vehicle, it should be fine, but check to make sure as to whether that's with five or seven seats. Seven seats are optional on the X5 and could cut the boot space to under the N1 limit.
On the VAT thing, it just depends on the age of the car. If it's less than six months old, and/or has fewer than 6,000km on the clock, it's liable for Irish VAT on arrival - no ifs, ands or buts.
Do I pay UK VAT when importing a car?
If I am buying a car in the UK to bring to Ireland (taking it through VRT on entry) do I still have to pay the UK VAT on the price of the car?
Molly Green (Co Louth)Feb 2016 Filed under: importing
Expert answer
Hi Molly,
Effectively, yes. If you're buying it brand new, then you can, theoretically, export it from the UK and claim back the VAT, but you really need an accountant, not a motoring journalist, to walk you through that process. Of course, you'll have to pay Irish VAT on it then. You'll have to pay VAT twice, essentially, if you're buying nearly new - a car under six months old is liable to Irish VAT upon entry into the state, and of course you'll already have essentially paid the UK VAT in the purchase price. You could claim it back of course, but again that's a job for an accountant.
Worth importing a van for private use?
Hi,
I'm looking at importing a Volkswagen T5 or 2006-2007 SWB Kombi, 2.0 TDI diesel, windows and seats in the back with no bulkhead. First thing is, can I tax and insure it privately? Secondly, could I buy a commercial van in Ireland, remove the bulkhead, add rear windows and seats and tax and insure privately for roughly same price as import?
Thanks in advance for your experience.
Brian
Brian Mulroy (Drogheda)Jan 2016 Filed under: commercial vehicle
Expert answer
Hi Brian,
Yes, you can tax and insure it privately, and indeed you should do because if it were taxed as a commercial, you'd be caught rotten if you were stopped with the kids in the back and it's a €4,000 fine. However, you can legally have it assessed for VRT as a commercial so that's a saving. The odd thing is that taxing it as a private car means, under the current rules, you'll revert to the old pre-2008 tax system, which is based on engine capacity. Odd, but there you go.
As for whether or not an import will be cheaper, it probably depends on how many of the specific style of T5 you want are available on the ground here. All I can suggest is that you do your sums, figure out how much the import will cost, and then have a shop around Irish dealers and ask them if they can match the numbers.
What is the VRT on a 2012 Mitsubishi L200?
What is the VRT on a 2012 Mitsubishi L200 Warrior?
Michael O Keeffe (Cork City)Dec 2015 Filed under: VRT
Expert answer
Hi Michael,
Bit of a 'piece of string' question, as it depends entirely on what Revenue decides the Open Market Selling Price (OMSP) for that car is, and VRT will be 13.5% of that number. Based on what a 2012 L200 Warrior sells for I'd say it'll be about €2,500, but then again, I don't work for Revenue...
What happens with a late registration?
This is my supplementary question to Neil Briscoe regarding VRT on classic cars. Thank you for following up Neil. Regarding the fact that the car in question has been in Ireland since 2006 without being registered, will this mean that a surcharge will apply on registering the car now due to the lateness of that registration?
Many thanks again
James
James Edwards (Tullow)Dec 2015 Filed under: classic cars
Expert answer
Hi James,
Well, the rule says that when a vehicle is imported it must be booked for an NCT inspection and VRT valuation within seven days of its arrival in the state. The process of registration and payment must then be completed within 30 days of arrival.
Now, it's just possible that there may be a a valid reason why this car hasn't been registered, or it may have been declared off the road at the time of entry. I think you need to get on to your local tax office and ask for help with this though as there could well be a fine in the offing, never mind a surcharge.
What's VAT situation on importing from UK?
I am considering buying a VAT qualifying car with a VAT number in the UK that is more than six months old and more than 6,000km on the clock. What are the immediate or later VAT implications for me?
Michael O Neill (Limerick)Dec 2015 Filed under: importing
Expert answer
Hi Michael,
None. If you’re importing a car from the UK that is older than six months old, the VAT is considered as paid and you only need to deal with the VRT charge.
What taxes to pay on registering a classic?
Sirs, I have an opportunity to purchase a classic car that was acquired in the UK in 2006, but little used and never registered. What registration charges and/or penalties are likely to be due now?
Much obliged.
James Edwards. Tullow.
James Edwards (Limerick)Nov 2015 Filed under: classic cars
Expert answer
Hi James,
It depends on what you mean when you say 'classic.' If the car is more than 30 years old (taken from its first date of registration) then you'll only have to pay a nominal Vehicle Registration Tax fee (about €200) and motor tax will be €56 for a year. If it's younger than 30 years then you'll have to pay VRT at the full rate and depending on the car and its estimated value that could be quite expensive.
How best to import my car from the UK?
Hi, I'm an EU citizen, I lived 10 years in London, UK. I have my own car on GB plates, a 15 year-old Ford Mondeo 2.5 V6 automatic. I have a long MOT on this car. I have owned this car about four months, I have previous insurance, history, etc. What is the best way to register the car in Ireland? Will the MOT be accepted if I have 11 months left?
Thanks,
Laszlo
Laszlo Szabo (Clonbur)Nov 2015 Filed under: importing
Expert answer
Hi Laszlo,
I'm afraid not. When you import the car into Ireland it will have to pass through an NCT (National Car Test - our equivalent of the MOT) before it can be legally registered here. That shouldn't be a problem though - any car that can pass an MOT should also pass an NCT. The problem is that because you have owned the car for less than six months, you'll get caught for Vehicle Registration Tax (VRT) when you bring it in to the country - and on a 2.5-litre V6 engine that's going to be 36 per cent of what the Revenue Commissioners judge the vehicle's market value to be. This could get very expensive and you might be better off selling the car before you move and buying something new here.
Do I need to pay VAT on importing this Peugeot?
Hi,
I am thinking about importing a Peugeot 508 from the UK. They will sell it to me VAT free. It was "pre-registered" by the dealer, but never sold. It has only 100 miles on the clock but as it is over a year old is it liable for Irish VAT?
Thanks,
John.
John Madden (Carndonagh)Oct 2015 Filed under: importing
Expert answer
Hi John,
Yup, you'll have to pay the VAT I'm afraid. The rule says that if a car is less than six months old or has less than 6,000km on the clock, it's liable for Irish VAT upon entry into the state. You'll be charged it along with your Vehicle Registration Tax (VRT) at the time of inspection.
