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Showing 201 - 210 results (out of a total of 589) found for "vat" in Ask Us Anything

How to change tax status of a Land Rover?

Hi,

I'm considering buying a secondhand Land Rover within Ireland that has been classed as commercial for tax purposes by the current owner. However, I'd like to use and tax it for private use, which I think can be done by paying the higher rate of tax after purchase. However, I'm a bit stumped as to how to do it! The Revenue forms to change the class of taxation say I should have insurance in order to request a change in the tax class. However I am unable to get insurance for a commercial vehicle in my name. It seems without the insurance I can't change the tax class but I am unable to get insurance based on the current tax class the car is registered in.

Seems a bit of a catch-22, can you help?

Thanks!

Sheila Hopkins (Lifford)

Dec 2020 Filed under: commercial vehicle

Expert answer

Hi Sheila,

Well, in theory the only thing you need to do to change the tax status of a car is to call your local motor tax office and tell them that’s what you want to do. As far as insurance is concerned, I think it would be a good idea to have a chat will a well-connected broker, who might be better placed to help you out. You might be able to find a policy that will allow you to insure the Land Rover as a private car even before it has been officially switched over, or possibly one that starts as a commercial policy but changes over once you’ve got the conversion. 


Can I tax a Ford Connect privately?

I have just bought a Ford Connect. I am a PAYE electrician. Can I tax the van privately or commercially and have my wife as a second driver?

Seamus Ó Sullivan (Killarney)

Dec 2020 Filed under: commercial vehicle

Expert answer

Hi Seamus,

If you're going to use the van for any private reason at all then it will have to be taxed privately. The rate then goes by the old engine size system, regardless of the age of the van.

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


Private motor tax on new Ford Ranger?

Hi,

Could you give me a price to privately tax a 2020 2.0-litre Ford Ranger Wildtrak?

Thanks

Michael Waters (Enniscorthy)

Dec 2020 Filed under: taxation

Expert answer

Hi Michael,

To tax a commercial vehicle privately the rate goes by the engine size, even for a 2020 model. With a 1,996cc engine, that Ranger will cost you €710 per annum.


How much to tax a 1.6 Caddy privately?

How much is it to tax a 1.6 Caddy privately?

Martin Dillon (Galway)

Nov 2020 Filed under: taxation

Expert answer

Hi Martin,

To tax a commercial vehicle privately, it goes by the old engine size categorisation, regardless of age. Hence, the 1.6 Caddy would cost €514 per annum.

See Motor Road Tax Prices in Ireland Explained for more.


Can I reclaim VAT paid on a UK import?

Hi,

I plan to buy a July 2020 car in the UK. I understand that I will pay Irish VAT along with the VRT and that I can reclaim the UK VAT from the UK government once the vehicle is registered in Ireland. Is this correct?

Many thanks

Gerry O'Brien

Gerry O'BRIEN (Ashbourne)

Nov 2020 Filed under: importing

Expert answer

Hi Gerry,

Yes, that’s right. You need to fill out form VAT411, which allows a private individual — whether you are registered for VAT or not — to reclaim the VAT. However, there will be an extra cost involved — UK VAT is charged at 20 per cent, but Irish VAT is 21 per cent (temporarily)...


Can I buy a VW Transporter in 2021?

I would like to buy a Volkswagen Transporter in 2021. I do not have business or VAT numbers. I know I can insure it privately, but can I tax it privately and if so for roughly what money?

Fiona Moran (DUBLIN)

Nov 2020 Filed under: taxation

Expert answer

Hi Fiona,

It's easy to tax it privately, as well. You just need to inform your local Motor Tax Office of the change of category. The price is then based on the engine size. Assuming it has a 1,968cc engine, then that'll set you back €710 per annum. Read Motor Road Tax Prices in Ireland Explained for more.


Can I privately tax and insure a VW Amarok?

Can I tax and insure a Volkswagen Amarok privately?

George Howard (Dublin)

Nov 2020 Filed under: commercial vehicle

Expert answer

Hi George,

Taxing it privately is an easy one - anybody can do that. Insuring it privately may be more difficult, so make sure you ring a few insurers to get an answer on that. If you're having no joy then consider employing the services of an independent broker.


When to import a Mercedes E 300 de?

I'm bringing in a Mercedes E 300 de AMG Premium diesel plug-in hybrid from the UK with 6,400km on it and I would like to know would it be more beneficial finance-wise, to bring it in in December of this year or January of next year? It was registered in January of this year, but I am also finding it difficult to find out the OMSP of the car. Any insight into my queries would be much appreciated.

Regards,

Maurice

Robbie O'Driscoll (Cork)

Nov 2020 Filed under: importing

Expert answer

Hi Maurice,

If you can't find the car on Revenue's own website, then you're going to have to work to your own estimate and hope that you're close. You can appeal the value Revenue comes up with at the car's inspection, but you must pay the VRT it deems is applicable first. And bear in mind that the OMSP will go up if the car has lots of extras. Based on what you've said, we'd estimate it to be about €50,000.

As the car is already over six months old and has done more than 6,000km, you won't have any VAT to pay.

I believe the WLTP CO2 rating for that car should be under 50g/km.

So, going on that €50,000 assumption, if you register it before the end of December, it's in VRT Band A1 at 14 per cent, which is €7,000. A used plug-in hybrid up to two years old gets a €2,250 VRT rebate, so the net VRT cost to you would be in the region of €4,750.

If you wait until 2021, the VRT rebate won't apply, but the VRT rate will come down to seven per cent, which works out as €3,500, which would suggest that, if our assumptions above are correct, you'll save money if you wait. 

Note that I've not included the NOx levy in these calculations, as I can't quickly find what the NOx is for that model. The levy will increase slightly for you if you wait until 2021 registration, but not by a significant amount. You can read more about that in the relevant articles below:

How Much VRT is Paid in Ireland?

Guide to Importing Cars from the UK


Private motor tax on 2012 Peugeot Partner?

Please advise cost of motor tax for a 2012 Peugeot Partner 1.6 diesel (private tax).

Thank you

Aileen Daly (Dublin)

Nov 2020 Filed under: taxation

Expert answer

Hi Aileen,

If you tax a commercial vehicle privately, it goes by its engine size, regardless of its age, so in this case the annual motor tax will be €514.

Full details in our Motor Road Tax Prices in Ireland Explained feature.


Will I pay VAT on a 2016 import?

Hello,

I am buying a 2016 Mercedes E-Class with 55mg/km NOx in December, which is already in Ireland; will I have to pay VAT? Or only VRT and NOx levy?

Regards

Adam

Adam Kornaszewski (Carrick-On-Shannon )

Nov 2020 Filed under: importing

Expert answer

Hi Adam,

No VAT will be payable, just VRT and NOx levy as you said.


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