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:
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.
How much to tax a 2016 Citroen Relay?
Private motor tax on a Citroen Relay (2016)? Want to convert to a campervan but until that's done I will need to make a few trips to the DIY shops in the van.
Emer Garry (Drogheda)Oct 2020 Filed under: taxation
Expert answer
Hi Emer,
A van taxed for private use is done so according to its engine size, so, if the Relay has the 2.0-litre engine, it will cost €710 per annum to tax. If it has the 2.2-litre engine, it'll be €951.
Full details in our Motor Road Tax Prices in Ireland Explained feature.
Any extra tax costs to convert to a crew cab?
If I wanted to convert a Ford Custom commerical van to a crew cab for private use, will I have to pay on top of the conversion cost and tax off the engine?
Thanks
Joe Murphy (Drogheda)Oct 2020 Filed under: commercial vehicle
Expert answer
Hi Joe,
No, there’s no cost in terms of switching between one tax system and another, other than the payment for the tax disc itself. You don’t need to pay backdated VRT or anything like that. Just pay for the conversion, then call your local motor tax office and ask them to switch you to private car usage, and pay the subsequent year’s motor tax.
Looking at a BMW i8 import, now or in 2021?
I am looking at possibly purchasing a plug-in hybrid car imported from the UK (possibly registered Jan 2019). Its CO2 is 46g/km and NOx is 11mg/km. It is costing £63k Sterling and Revenue is estimating €99,000 for a BMW i8 Roadster less 33% deprecation.
If purchased before end of December there is 14% VRT (€11,600 approx.) and I believe there is a rebate of €2,250. How is this claimed back as a private individual?
If registered in January there is only 7% VRT; is this correct? So in theory less expensive in January 2021?
All presuming Brexit does not happen. If Brexit happens what is additional surcharge? Is it 10% on all UK imports over and above VRT?
Thanks for any info that would clarify above
Regards David
David Fleming (Dublin)Oct 2020 Filed under: importing
Expert answer
Hi David,
You're right, the VRT bands change for cars registered after 1 January 2021 and a car with CO2 of 46g/km would attract VRT of just seven per cent then. However, if that's a NEDC figure, Revenue will 'uplift' it with its own formula to what it calls 'WLTP-equivalent', which in this case would be 77g/km. The VRT rate would therefore be nine per cent.
Who knows when it comes to Brexit? Anything could happen, couldn't it? A no-deal Brexit could mean 10 per cent surcharge (calculated on the cost of the car and shipping) plus VAT on top of that as well.
A few relevant links for you:
Should I register my imported pickup now?
Hi,
I’m looking to buy a Toyota Hilux Active Double Cab pickup, a 3.0-litre automatic from Northern Ireland for £15,000. Would it benefit me to register it in Ireland before Jan 2021? Also, I’m using it for my business. How much will motor tax cost annually? I do not know what the NOx emissions are or where to obtain them.
Regards Donal Slattery
Eamon Slattery (Co Galway)Oct 2020 Filed under: importing
Expert answer
Hi Eamon,
If you're buying and registering this as a commercial vehicle, with no private use, then it doesn't matter if you do it now or after 1 January 2021, as commercial vehicle tax and VRT have not changed. See below for more information:
Motor Road Tax Prices in Ireland Explained
Will no-deal Brexit mean more importing costs?
Will a 'no deal' Brexit make any difference to importing a second hand car from the UK in 2021? Extra costs like tariffs etc?
Thanks Dermot
Dermot Hedigan (Cork)Oct 2020 Filed under: importing
Expert answer
Hi Dermot,
Very likely, yes although it’s important to add a ‘we simply don’t know for certain’ caveat to all this, not least because literally nothing about Brexit makes any sense.
If the UK finally does leave without a deal, then you can expect to pay at the very least customs duty — 10 per cent of the price of the car plus shipping costs — and possibly VAT on top of that, depending on what view Revenue takes of UK VAT payments. Then there’ll be VRT costs and the NOx levy on top of those.
Private motor tax on a VW Amarok?
What is the cost of private tax on a Volkswagen Amarok 160hp?
Gerry Clancy ( Kilrush Clare )Oct 2020 Filed under: taxation
Expert answer
Hi Gerry,
Used privately, commercial vehicles are taxed according to their engine size. That's not too bad if you're talking about the older 2.0-litre version of the Amarok, which would cost €710 to tax privately. But if you're referring to the newer model with the 3.0 V6 TDI engine, then I'm afraid it's going to cost €1,494 a year instead. Full details can be found on Motor Road Tax Prices in Ireland Explained and Buying a commercial vehicle for private use.
Cost to tax an Isuzu Trooper import?
What will an Isuzu Trooper SWB 3.0d commerical cost to tax as an import in Dec 2020?
Gerard Deegan (Dunboyne)Oct 2020 Filed under: taxation
Expert answer
Hi Gerard,
None of the changes announced in Budget 2021 relating to motor tax take effect until 1 January 2021. Even so, there are no changes planned next year for taxation of commercial vehicles, so assuming you are registering the Trooper as a commercial vehicle, and not using it for any private use at all, its annual rate of tax is just €333.
Read our Motor Road Tax Prices in Ireland Explained feature for more.