Advantage of having a T.A.N number ??

paul moore

Just wondering if anyone here knew the advantages of having a tan number ???

BreadBoard

What's a TAN number?

paul moore

Traders Number....its to do with car sales

knifey_spoonie

Well it used to identify garages when it comes to reging cars , transfering ownership ect.

Squirrel

I presume it means you get trade plates, and if you buy a car off an owner, it doesn't count as an extra owner on the logbook

crosstownk

With a TAN number you basically have an account with the Vehicle Registrations Office. It means that when you sell a new, or imported car, payment of VRT is deferred. You pay the VRO at a later stage. I'm not sure of the exact details - but thats the general gist of it.

KeRbDoG

From working with importing equipment into Ireland, a TAN account has got to do with paying Taxes on items. Could be completely wrong though.
So, a way of paying custom taxes in an easier way.

GristlyEnd

A TAN is a trader account number. You set up an account with Revenue. You must supply a bank guarantee to cover the amount you want in your account. You are then billed on the 15th of the month for the previous months transactions.

paul moore

I get it now,so in order toget one of these would you have to set up as a business? ie: would i have to go and get a VAT number etc...
I work full time so would it affect my PAYE in any way ?
(i import cars from time to time)

dubtom

A friend imported a few cars from the UK last year and then was told by the car registration place in Tallaght that if he imported anymore he would need a tan.They assumed (quite rightly) that he was selling on the cars,so was in the trade.It basically knocked his little side line on the head.So it would seem that up to a point you can import cars from abroad, but go over the limit, and that may be 3 or 4 and your in buisness, or out of buisness in my mates case. As handy as it may be for legit importers to defer their payments, I think the tan is also a way from stopping budding arthur dalys from making a few bob on the side.And yes Paul I think it would affect your taxes, as in, they would increase.

paul moore

Well dam that !

paul moore

Just thinking how would they know for sure how much you sell a car for......in other words the tax that you would have to pay on profits???

laycolayco

A Tan number doesnt allow you to defer payments to the revenue. It authorises you to have in your possession a foreign registered car for the purposes of repairing or selling it. There is a time limit as to how long a trader with a Tan number may keep a foreign registered car in their possession too. In reply to paul, there is a way around getting caught importing cars if you dont want to register with the revenue. FOr an Irish car being sold, the revenue have very little by way of finding out how much profit is being made on a car!

robtri

laycolayco wrote: »

A Tan number doesnt allow you to defer payments to the revenue. It authorises you to have in your possession a foreign registered car for the purposes of repairing or selling it. There is a time limit as to how long a trader with a Tan number may keep a foreign registered car in their possession too. In reply to paul, there is a way around getting caught importing cars if you dont want to register with the revenue. FOr an Irish car being sold, the revenue have very little by way of finding out how much profit is being made on a car!

If you are TAN registered, you are correct you are allowed to have non irish registered cars, BUT they must stay at the registered address of the TAN account....
The main Purpose of the TAN account is to allow dealers to register cars immediately and get them on the way to customers, basicially you stick a load of money in this account, to cover your registration for that month , as you register cars the VRo office take the money out in bulk at intervals,(so you are slightly deferring payment, very slightly)

L-M

Old but helpful thread .... LOl

laycolayco

You dont have to lodge any money with the revenue or anyone else to have or use a tan number. Normally motor dealers will pay by the car when a car is registered, this saves the expense of paying to register a car before it is sold, ie, it doesnt hamper cash flow. THe Revenue could not possibally make you lodge a sum of money based on what you might sell in the future!