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Showing 11 - 20 results (out of a total of 72) found for "rates" in Ask Us Anything

VRT process for a moped from the UK?

I bought a 2019 50cc moped from the UK in January 2021 and it was brought over by an NI courier on 27 January. Price was £835 for the bike and it has 1,700km on it. I have VRT inspection on 4 March. The sale invoice is the courier’s business invoice with the UK seller's name, address and buyer's name and address on it.

Wondering what VRT process will be for this with new system after 1 January re VAT and customs. In addition re 30 days to register I had a heart attack on 15 January... Can this be an exceptional circumstances reason for not having it registered within 30 days? If the invoice had been dated for example in December 2020 would that make a difference?

Thanks

Joseph Flegg (Letterkenny )

Feb 2021 Filed under: importing

Expert answer

Hi Joseph,

We hope you’re on the mend from the heart attack. All the best wishes from us.

Yes, I would certainly imagine that such a serious medical emergency would be a valid reason for any delays and overruns in the VRT application procedure. Knowing Revenue, though, you’ll need paperwork so maybe give your GP a ring and ask for a letter confirming your condition and the dates on which you suffered the attack and any hospital stays. 

As for the process, there’s now import duty and VAT to be paid on any import from Great Britain. The import duty will be ten per cent of the price you paid, plus delivery and carriage costs, while VAT will be calculated on the open market selling price. That said, VRT won’t be much — It’s €2 per CC, so just €100, and even then you’ll get a rebate of 30 per cent on that because it’s two years old — so you’ll pay just €70 in VRT. The invoice date wouldn’t make any difference — your rates will be worked out on the basis of the date of inspection.


Can I buy a Citroen Ami here?

Hi there.

I have been reading about the Citroen AMI all electric vehicle and am very interested in purchasing one. Citroen Ireland tells me it has no plans to market the vehicle here. I am wondering how our department would treat this vehicle; as an electric car? Or quadricycle? Would Revenue want a cut for importing a vehicle? VAT and VRT? Purchase price is circa €6,000 in France and you can buy one online. I don't have the finances to buy a "Normal" electric vehicle where the cheapest seems to be in the €25K region. Would the Department of Transport want road tax, log book, registration fees etc?

Any pointers you might offer would be appreciated.

John Ryan. Dublin 12

John Ryan (Dublin 12)

Feb 2021 Filed under: electric cars

Expert answer

Hi John,

Citroen is currently reviewing options on potentially introducing the Ami to Ireland in the future. Initially the car was only to be produced in left-hand drive, but this is now being reconsidered due to high levels of interest in the car from the UK market. If the car was to be officially sold here it would be liable for the applicable VAT and VRT rates and would require motor tax and insurance, in the same way that the Renault Twizy does. These would also apply if you were to privately import one. 


Can I tax this Hyundai commercial privately?

I am thinking of buying a 2011 Hyundai Santa Fe 2.0-litre SUV that is 'crew cabbed' and has annual tax of €333, though it has five seats. Do I need commercial insurance? Can I tax it without owning a commercial business?

Joseph Murphy (Clonygown, Tullamore, County Off)

Jan 2021 Filed under: commercial vehicle

Expert answer

Hi Joseph,

If you want to tax a commercial vehicle at commercial vehicle rates, then it has to be strictly used for work purposes, so yes you would need a commercial business to do that. It has to then be used strictly for work purposes — no dropping the kids to school or heading off for the weekend — and there are substantial fines for any breach of that rule. If you want to use it as personal or family transport, then it’ll have to be taxed as a private car. 

Read our Buying a commercial vehicle for private use feature for more detail.


Should I get my Tesla Model 3 before Jan?

I’m looking to get a Tesla Model 3 on the company car scheme. Am I better taking delivery in December or January with the changes in VRT and the impact on BIK with the new rules?

Bob Brennan (Dublin)

Oct 2020 Filed under: business

Expert answer

Hi Bob,

Generally speaking, I’d say that you’d be better nabbing one before Christmas, as, for a business buyer, overall, it works out a little better before the VRT rates and rebates change in January. However, it’s a moot point, as Tesla’s Irish website is currently quoting Model 3 delivery for February, so you don’t really have a lot of choice (unless you want to buy one second hand, of course).

The good news is that the zero per cent BIK rate is locked in until at least the end of 2022, which is arguably of more benefit to you overall than any of the rebates and grants.


Tax of a 6.0-litre car in 2021?

What is the price of taxing your car bought in 2012 with a 6.0-litre engine with the new budget rates?

Fionnuala Doyle (Galway)

Oct 2020 Filed under: taxation

Expert answer

Hi Fionnuala,

If the car was registered in 2012 then it is on the CO2-based system already. We can only assume it emits well over the 226g/km that gets it into the top tax Band. Until the end of this year that costs €2,350 and it will go up to €2,400 from 1 January 2021.

Read our Motor Road Tax Prices in Ireland Explained feature for full details.


Will VRT change my new car price in 2021?

We ordered a new car before the 2021 budget and paid a deposit. Even though the car won't be delivered until January 2021, I presume the new VRT rates will not change the price we agreed with the dealer?

J Fowler (Kildare)

Oct 2020 Filed under: VRT

Expert answer

Hi Janice,

I'm afraid there is every chance that the VRT will change the price, as the VRT is calculated when the car is registered, not when it is ordered. You should contact the dealer to get clarification as soon as possible.


VRT for 211 BMW X3 xDrive20d?

What is the VRT rate for a 211 BMW X3 xLine xDrive20d? Let's say if I put in a factory order now and the car arrives in the middle of January, will I be charged under the new VRT rate?

John Z (Dublin)

Oct 2020 Filed under: VRT

Expert answer

Hi John,

First of all, the VRT applies on the date of registration, so it doesn't matter when the order is placed. If you register a car after 1 January 2021 then it will be subject to the new VRT rates.

Now, BMW has not published its new pricing so we're going to have to do some estimating based on the current advertised price on the BMW Ireland website. To do that I am also assuming that the displayed value of the BMW X3 xDrive20d xLine, €57,859, is at the 21 per cent VAT rate introduced last month.

The NOx figure for that car is not readily available, but a bit of digging suggests it should be about 100mg/km, so the NOx levy right now, within that price, should be €1,085.

So, the price of the car including VAT and VRT, but without the NOx levy is €56,774.

According to BMW, the NEDC CO2 rating is 126g/km, which would mean 18 per cent VRT on the old system.

So, the VRT was €56,774 x 0.18 = €10,219, which makes the price of the car including VAT at €46,555.

So now we have the core cost of the car and can work on a 2021 price estimate.

We need the WLTP CO2 rating, but can't find it for that car. So let's apply the government's own 'uplifting' formula for diesel cars' NEDC CO2 rating: WLTP CO2 rating = (126g/km x 1.1405) + 12.858 = 157g/km.

That places it in the new Band 18 for VRT (see our How Much VRT is Paid in Ireland? feature), at a rate of 26 per cent.

So the estimated cost of the car including VAT and VRT is €46,555 ÷ 0.74 = €62,912.

The NOx levy calculation has changed a little as well. It works out as €1,300 for this car from 1 January 2021 (if the 100mg/km figure for its NOx is correct).

Hence, the estimated total retail cost of the car is €64,212 as of 2021.

Disclaimer: All of these figures should be taken as estimates only. We have rounded off to Euros throughout and who knows how BMW will adjust its pricing to suit the market rather than just calculate the new tax?


How much will my 2021 RAV4 be to tax?

Hi,

I am expecting to take delivery of a new Toyota RAV4 Hybrid AWD in January 2021. Could you please tell me how much my annual road tax will be based on the new rates of tax announced in the Budget of Oct 13 2020, as I’m totally confused?

Many thanks

Larry

Larry Behan (Dublin)

Oct 2020 Filed under: taxation

Expert answer

Hi Larry,

You're not the only one confused, believe me!

Looking at the Toyota Ireland website, we can see that that WLTP CO2 emissions rating for that car is 131g/km. That means it will fit into the new 131 - 140g/km band, costing €210 per annum.

Read our Motor Road Tax Prices in Ireland Explained feature to see all the tax bands and schemes.


VRT and tax on imported Toyota Hilux?

Hi,

I am relocating to Ireland (Co Cork) and I have purchased a Toyota Hilux pick up truck, but I am confused as to the rates of VRT. I will be starting a dog kennels business and using the truck for the business. Do I qualify for the €333 tax or is it something different? Car is a 67 plate bought in the UK, VAT paid, 2.2-litre automatic with 21,000 miles on the clock.

I really appreciate your help as it is very confusing on the Revenue website.

Many thanks

Mark

Mark Hartin (Basingstoke)

Sep 2020 Filed under: VRT

Expert answer

Hi Mark,

As far as VRT is concerned, pickup trucks generally fall into Category B for tax, which means you’ll pay 13.3 per cent of the Irish Open Market Selling Price, as defined by Revenue. A 2017 Hilux will generally run at about €23,000 on the Irish market, so you’ll be paying in and around €3,000 in VRT.

That €333 rate is the annual rate of motor tax for a commercial vehicle, though be aware that you cannot use the vehicle for any private reasons if you tax it as a commercial.


A few questions about calculating VRT...

Hi there,

I have another question on VRT. Well actually a few questions! If you import a car from the UK in the last week of December 2020 and you have a VRT appointment in January 2021, will you be paying VRT (and possibly customs, VAT etc.) at the 2021 rate or will you still be calculated on the 2020 VRT rate?

If they change the VRT bands in the October budget will they be implemented straight away or do they wait until Jan 2021, usually?

I have looked at the Glasss guide in the UK for the vehicle that I am importing but there are no equivalents in the Irish market. Is there a way to get valuations for Irish equivalents or get my hands on the Car Sales Guide (ROI) as per the VRT request form?

Thank you in advance for any help on this matter.

David Hickey (Limerick)

Sep 2020 Filed under: VRT

Expert answer

Hi David,

OK, let’s take the last question first. No, there’s no publicly available second hand value guide for Ireland (more’s the pity), but you can get a good idea of values and prices by keeping an eye on classified ad websites, such as Carzone, and if the specific model isn’t sold in Ireland, then prices for its competitors or other models in the same range will at least give you an idea. Feel free to send us queries to do the estimating for you as well.

If the bands change in the Budget (and they most definitely will this year), then that will usually be implemented from the 1st of January, but there’s a chance that with the big changes coming up this year, there might be a slight deferment or lead-in period. As for when you pay your VRT, don’t expect any mercy — the rates used will be the rates on the day that your car is inspected, not the date it was brought into the country.


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