Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

New motor tax and VRT regime. Links + calculations

  • 11-12-2007 11:01am
    #1
    Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭
    Chauffe, Marcel, chauffe!


    This is now included in the charter / main sticky


    The new VRT system is applicable only to cars bought new in this country or imported from another country (new or second hand) and registered after 01/07/2008

    VRT:

    Band A (<=120 grams per km) - 14%
    Band B (121-140 grams perkm) - 16%
    Band C (141-155 grams per km) - 20%
    Band D (156-170 grams per km) - 24%
    Band E (171-190 grams per km) - 28%
    Band F (191-225 grams per km) - 32%
    Band G (>225 grams per km) - 36%

    Note: the minimum VRT amount for cars under 30 years old changes as well. Until 01/07/2008 this minimum amount is €315 but after that date the minimum rates are based on the CO2 bands (see here on the bottom of the page):

    Band A (<=120 grams per km) - €280
    Band B (121-140 grams perkm) - €320
    Band C (141-155 grams per km) - €400
    Band D (156-170 grams per km) - €480
    Band E (171-190 grams per km) - €560
    Band F (191-225 grams per km) - €640
    Band G (>225 grams per km) - €720


    The new motor tax system is applicable only to cars first registered (when new) in 2008 and later, no matter which country they were registered in. All older cars stay on the old cc based tax system

    Motor tax: New System based on CO2

    Band A (<=120 grams per km) - €100
    Band B (121-140 grams perkm) - €150
    Band C (141-155 grams per km) - €290
    Band D (156-170 grams per km) - €430
    Band E (171-190 grams per km) - €600
    Band F (191-225 grams per km) - €1,000
    Band G (>225 grams per km) - €2,000

    A simple VRT calculation:

    A pre-2008 BMW 320d ES (CO2 131 g/km) listed for €47.800. The previous VRT rate is 30%, which means that €14,340 (30% of €47.800) is VRT. The list price excluding VRT is €47.800 minus €14,340 = €33,460

    The new VRT rate is 16% (band B). This means that the the new list price is €33,460 / (1-0.16) = €39,833. A saving of 8 grand!

    In formula:

    old list price * (1-current VRT rate) / (1-new VRT rate) = new list price

    A simple motor tax calculation:

    A pre-2008 BMW 320d ES has an annual motor tax of €590 from 01/01/2009. See here

    Under the new regime, the tax is €150 per year (band B)


    Sites with CO2 information:

    http://www.smmtco2.co.uk/co2search2.asp includes slightly older cars

    http://www.vcacarfueldata.org.uk/ official uk site with new cars only

    http://www.parkers.co.uk has older cars too going back more than 10 years

    What is acceptable as proof of CO2 when registering a second hand car:

    From http://www.revenue.ie/leaflets/vrt-new-tax-regime.htm:


    Imported Second-Hand Vehicles

    When an imported second-hand vehicle is presented for registration, the levels of CO2 emissions at the time of manufacture must be declared to Revenue on form VRT4 (the form used by an individual to register a second hand car).

    If the vehicle originated within the EU, the declaration must be supported by documentary evidence confirming the level of CO2 emissions of the vehicle to the satisfaction of Revenue.

    Revenue will accept a range of documentation for this purpose. Among the documents deemed satisfactory at present are:
    • the Certificate of Conformity (if it is available),
    • a printout from the Revenue ROS Enquiry System where the level of CO2 emissions is shown www.ros.ie
    • evidence included on a previous registration document e.g. the UK V5,
    • the level of CO2 emissions stated on a previous National Car Test performed elsewhere within the EU provided the CO2 stated is that given at the time of manufacture,
    • A print out for the vehicle from the DVLA (Driver and Vehicle Licensing Agency) web site, www.vehiclelicence.gov.uk
    • A printout from the VCA (Vehicle Certification Agency) web site
    • A printout from the SEI (Sustainable Energy Ireland) website
    • A certificate from the manufacturer or main distributor stating the level of CO2 emissions.
    If the vehicle originated in Japan, documentary evidence of the level of CO2 emissions will also be required.


    The following documentation must be presented with the VRT4:
    • Japanese Export Certificates or Japanese Certificates of Cancellation of Motor Vehicle Registration,
    • a printout from the Japanese Ministry of Land, Infrastructure and Transport showing the level of CO2 emissions for the model on the certificate

    Revenue are currently reviewing the additional documentation that may be required for vehicles imported from other non EU States e.g. Singapore and the United States.

    If no proof of CO2 is available (older cars), it can be calculated:

    From http://www.revenue.ie/leaflets/vrt-new-tax-regime.htm:
    Second-hand Vehicles manufactured prior to 1997.

    In certain instances the level of CO2 emissions may not be available for vehicles manufactured prior to 1997. In such instances, if details of the fuel consumption of the vehicle are available - the combined figure derived from an average of urban and extra-urban figures (obtained from any of the Revenue approved sources only), the level of CO2 for the vehicle may be calculated using the formulae below.

    It should be noted that all calculations using the formulae below must be carried out by the declarant in advance of the presentation of the vehicle at a Vehicle Registration Office (VRO).
    Metric Calculations:
    where fuel consumption is shown as litres per 100km:

    CO2 emissions = fuel consumption X 23.20
    Example
    If the consumption is shown as 5.8 l/100km then 5.8 X 23.20 = CO2 emissions of 134.56 or 135
    where the fuel consumption is shown as litres per km:

    CO2 emissions = fuel consumption X 2320
    Example
    If the consumption is shown as 0.0058 l/km then 0.058 X 2320 = CO2 emissions of 134.56 or 135
    where the fuel consumption is shown as kms per litre:

    CO2 emissions = 2320/fuel consumption
    Example
    If the fuel consumption is shown as 17.2 km per litre then 2320 / 17.2 = CO2 emissions of 134.88 or 135
    Imperial Calculations
    where the fuel consumption is shown as miles per gallon the figure must first be converted to kms per litre as follows:

    mpg/2.82485 = kms per litre
    CO2 emissions are then calculated using the formula in 1(c) above.
    Example
    If the fuel consumption is shown as 48.7 mpg then 48.7/2.82485 = 17.2 km per litre and 2320/17.2 = CO2 emissions of 134.88 or 135

    Note: For diesel engines the multiplier changes from 2320 (or 23.20) to 2630 or (26.30) whichever is appropriate.

    Classic cars:

    Defined as being over 30 years old. These are not affected. They are VRT exempt (only due a €50 registration fee) and motor tax will be just €46 per year

    Here's how VAT and VRT are calculated:

    Same example of the pre-2008 BMW 320d ES that listed for €47,800.

    €27,653 pre-tax price
    € 5,807 VAT (21% of the pre-tax price of €27,653)
    €14,340 VRT (30% of the list price of €47,800)
    €47,800 Total list price

    Note that the total tax was 73% on top of the pre-tax price

    (€47,800 - €27,653) / €27,653 = 73%


«13456723

Comments

  • Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Thanks for the link, galwaytt, but I don't like that site. It's cumbersome (have to fill in all sorts of irrelevant spec levels) and it doesn't have the CO2 for my car. My car was still for sale in the UK in 2001 so it's not great. Unless I am missing something? 2001 BMW 735

    Any other sites?


  • Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭MuffinsDa


    unkel wrote: »
    Any other sites?
    http://www.vcacarfueldata.org.uk/


  • Closed Accounts Posts: 7,348 ✭✭✭the drifter


    how will commerical tax now be calcualted?


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    MuffinsDa wrote: »


    Good site. Only has new cars though. I'd like to know where the VRO are going to base the data on for second hand cars...


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 17,819 ✭✭✭✭peasant


    unkel wrote: »
    Good site. Only has new cars though. I'd like to know where the VRO are going to base the data on for second hand cars...

    Why would they bother to base anything?

    Unless the importer can come up with certified, EU approved, verifiable figures, they're just going to charge full whack.

    (I'd expect they'd want to see something very official ...some quote from a website won't do.)

    Should be good bizznizz for them :D


  • Registered Users, Registered Users 2 Posts: 6,315 ✭✭✭ballooba


    how will commerical tax now be calcualted?
    I imagine it's unchanged.

    I pray it's unchanged!

    Edit: goes up 9.5%. Not too bad. I just taxed for 12 months in October.


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    peasant wrote: »
    Unless the importer can come up with certified, EU approved, verifiable figures, they're just going to charge full whack.

    (I'd expect they'd want to see something very official ...some quote from a website won't do.)

    You're spot on. From here:
    7. Determining CO2 emission levels of vehicles
    The CO2 emission rating for each new car being registered will normally be determined based on the emissions information contained in the model’s Certificate of Conformity, a document which, since 2001, European law has required to contain such information. In respect of used imports, the CO2 rating will have to be declared on form VRT4 (Declaration for registration of a used vehicle) by the person registering the vehicle. The declaration will be required to be supported by documentary evidence of the CO2 rating, for example, a Certificate of Conformity, a previous registration certificate, or a certificate from the manufacturer or a main distributor, provided in each case the CO2 rating is included; or a certificate from an
    organisation approved by the Revenue Commissioners to provide such certificates. Where a certificate or a measurement is not available or fails to satisfy the Revenue Commissioners, the VRT tax charged could be set at the maximum VRT rate allowable. Such a VRT rating would be open to appeal through the VRT appeals system.


  • Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    that's a question I posted before - 'the maximum VRT rate allowable' - what is this?

    In the case of a car for which there is no C02 data published, (typically pre-2001), does that mean 36% ? - or, and I'd certainly be pushing for this, that it be the max VRT rate on the aged equivalent.? E.g. my '94 968 - there is no data on it. So, VRT on that should be on the same basis as previous, and the OMSP should be as per current market value (i.e. reflected by the 'old' system), i.e NOT 36% ?

    Likewise with the tax, btw.......whichever rate of VRT you get it at, you now need to tax it. So, again, no C02 data, so, I should be able to tax it for Eur1490, not 2k.

    Yesh?

    Why am I bothered, when I already have the car? - easy, I want to change in March.......

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • Registered Users, Registered Users 2 Posts: 17,819 ✭✭✭✭peasant


    galwaytt wrote: »
    Why am I bothered, when I already have the car? - easy, I want to change in March.......

    Get with the programme ...:D...this country is GREEN now

    You're not supposed to import some old "stinker" anymore. Unless you can prove that it isn't a heavily polluting car, they're just going to assume that it is and hit you with everything they got.

    Any pre 2001 (or thereabouts) car without verifiable CO2 data from July onwards will attract the highest VRT rate and an automatic road tax of 2000 euro. If you're keen enough to import anyway, they'll gladly take your money.

    I can't see that there will be any exemptions on this


    (and I'm kind of wondering myself on what to import on reserve before this happens :rolleyes:)


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    peasant wrote: »
    and I'm kind of wondering myself on what to import on reserve before this happens :rolleyes:

    Seriously considering bringing in an early W126 500SEL. My favourite saloon ever. An '81 one will cost maybe a grand in VRT and a couple of years of €1491 in tax, after which it will go down to the classic €46 tax

    Hell, I'll make this into a new thread :)


  • Closed Accounts Posts: 4,147 ✭✭✭E92


    unkel wrote: »
    Seriously considering bringing in an early W126 500SEL. My favourite saloon ever. An '81 one will cost maybe a grand in VRT and a couple of years of €1491 in tax, after which it will go down to the classic €46 tax

    And there was I thinking you were a BMW fan!


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    E92 wrote: »
    And there was I thinking you were a BMW fan!

    I'm not! I've said it many times: I like many different cars. I've happily owned large V8 BMW petrols for the last 7 years, but I can surely see myself owning other cars :)


  • Closed Accounts Posts: 1 guy_borg


    Hey,

    Does anyone know if you have to pay VAT as well as excise duty on importing a second hand car from Japan.

    Any advise would be fantastic, can't get any info from tax office or revenue, just keep getting bounced from one department in Shannon to here then there..... etc


  • Registered Users, Registered Users 2 Posts: 582 ✭✭✭HJL


    Hi guys, new to boards.ie.
    This new tax thing has me slightly confused in one area. So if someone can confirm this would be good.:

    I know that for example the likes of my current car remains the same, albeit increasing by 9%. And I understand that any new cars bought after 01/07/2008 will be done by emissions. All fine so far.

    But am I reading this properly, that any older car registered in this country for the first time after 01/07/2008 will be subject to the new emissions tax system?? Because i hardly think this is fair considering that they are, in most cases of lesser value and made in a time when regulations were different.

    Say for example if i want to buy a VW Corrado from the UK in Sept '08, because they are i believe around 199 CO2's am I expected to pay a higher VRT than before and also an insanely high annual tax? Baring in mind that the cars value could maybe be as low as two years road tax???


  • Registered Users, Registered Users 2 Posts: 4,787 ✭✭✭prospect


    HJL,

    To the best of my knowledge, any car imported & registered in this country (regardless of age) after the 1st July will be subject to the new VRT & Road Tax regime.


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    guy_borg wrote: »
    Does anyone know if you have to pay VAT as well as excise duty on importing a second hand car from Japan.

    Feel free to start a new thread on that. You'll get more people reading it than here


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    HJL wrote: »
    if i want to buy a VW Corrado from the UK in Sept '08, because they are i believe around 199 CO2's am I expected to pay a higher VRT than before and also an insanely high annual tax?

    Yes. Unless you can officially prove the CO2 rating, it will attract 36% VRT and an annual motor tax of €2,000


  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    unkel wrote: »
    A simple VRT calculation:

    A BMW 320d ES (CO2 131 g/km) lists for €47.800. The current VRT rate is 30%, which means that €14,340 (30% of €47.800) is VRT. The list price excluding VRT is €47.800 minus €14,340 = €33,460
    Think you made a booboo there, unkel.

    [Even without factoring VAT and whether it comes before or after VRT etc ]

    Let us assume that VRT (@30%) is the only tax applicable for simplicity. It is applied to the base price to give the list price, which is therefore is this is 130% of the base price.

    Say List price = €47,800

    so the base price is €47,800 / 130 * 100 which is €36, 154 , not €33,460!


    As I said, VAT is a factor as well, which you have not allowed for.

    Not your ornery onager



  • Registered Users, Registered Users 2 Posts: 1,906 ✭✭✭jayok


    I think esel is right there...


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    esel wrote: »
    Think you made a booboo there, unkel.

    esel banned from motors for questioning me and my calculator :p

    No booboo I'm afraid. VRT is not applied to base price to give list price as you state. VRT is based on OMSP (Open Market Selling Price), or call it list price if you wish

    Confusing, isn't it? :)


  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    But if X (VRT incl. price) = Y*1.3 (i.e. OMSP*1.3)

    then Y = X/1.3

    You are saying that Y = X*0.7 which is a booboo, I'm afraid. :eek:

    Not your ornery onager



  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    esel wrote: »
    But if X (VRT incl. price) = Y*1.3 (i.e. OMSP*1.3)

    then Y = X/1.3

    You are saying that Y = X*0.7 which is a booboo, I'm afraid. :eek:

    No booboo :D

    The point is that the OMSP includes VRT


  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    I give up. I do like cake though. Will you do my tax returns next year?

    Not your ornery onager



  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Is there anyway to petition to have the new car tax regime applied on older cars? E.g. you will have emission figures when you do your bi-annual NCT test- surely as a worst case scenario these, possibly elevated, figures could be used? For anyone who registered a diesel in the last couple of years- they are being shafted by being charged by engine size when their emissions are at almost the level of a petrol half the size. A 2 litre diesel in a Volvo has only 146 grammes/km- which would qualify for Euro 290- where in fact we are currently paying over double that........

    I think it would be seriously worth someone's spending some time getting a derogation for use of the new regime on older cars......


  • Registered Users, Registered Users 2 Posts: 384 ✭✭Dermo123


    unkel wrote: »
    esel banned from motors for questioning me and my calculator :p

    No booboo I'm afraid. VRT is not applied to base price to give list price as you state. VRT is based on OMSP (Open Market Selling Price), or call it list price if you wish

    Confusing, isn't it? :)

    At the risk of being banned also I must say I agree with esel on this. VRT on a NEW car is based on the manufacturers pre tax price plus VAT.
    VRT on a secondhand import is based on the OMSP as you rightly point out unkel.


  • Closed Accounts Posts: 616 ✭✭✭BnA


    Sorry for being a dumb a55.

    Could someone please confirm this for me.

    I had planned to import a 2006 2.0 TDI Passat in early January. This is a 2 litre car with CO2's of 153.

    If I was to do that, it will cost me €590 a year to tax it every year of it's life.

    However, if I wait untill July to import the very same car, if will fall into band C and it will cost €290 per year to tax it for the rest of it's life.

    So basically, by waiting untill July to buy the car I will save €300 every year that I own it (as well as saving on VRT of course)

    Am I right here ?


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    esel wrote: »
    I give up. I do like cake though. Will you do my tax returns next year?

    I consider it my duty to empower you to do your own sums :)
    Dermo123 wrote: »
    At the risk of being banned

    Banned! :p (you do realise I was joking?)
    Dermo123 wrote: »
    VRT on a NEW car is based on the manufacturers pre tax price plus VAT.
    VRT on a secondhand import is based on the OMSP as you rightly point out unkel.

    Why would VRT on a second hand import be different from a new car. Doesn't make sense. Think about it!


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    BnA wrote: »
    So basically, by waiting untill July to buy the car I will save €300 every year that I own it (as well as saving on VRT of course)

    Am I right here ?

    You are 100% right! You'll save yourself a lot of money by waiting until July. BTW VRT will only be 20% by then and not 30% as it is now. Let's say the OMSP of the 2 year old Passat is €20k. You'll save yourself another €2,000 upon importing it so (30% of €20k minus 20% of €20k)

    A dark cloud for performance cars with a wee silver lining for modern diesels...

    Damn. That'll be me sig


  • Advertisement
  • Closed Accounts Posts: 2,665 ✭✭✭gary the great


    I was planning on bringing a 2000 - 2001 toyota Celica in from the UK in January. If i wait till July, i can get a 2001 in without paying Vrt and probably less tax?

    Although that would be great, it means I have to wait till july to get myself a new motor!


  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Is there any way of getting the new regime applied to cars that are currently Irish registered? If not- thats the second hand market up the creek, in favour of people hopping over the border or to the UK...... Maybe its all just something someone dreamt up to get all those northern regs down here legitimised?


  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    I was planning on bringing a 2000 - 2001 toyota Celica in from the UK in January. If i wait till July, i can get a 2001 in without paying Vrt and probably less tax?
    You'll still have to pay VRT.

    Not your ornery onager



  • Closed Accounts Posts: 2,665 ✭✭✭gary the great


    esel wrote: »
    You'll still have to pay VRT.

    But just a lot less, 20% instead of 30%?

    Will just buy one in january if thats the case.


  • Registered Users, Registered Users 2 Posts: 52 ✭✭slivebloom


    [QUOTE=u

    A BMW 320d ES (CO2 131 g/km) lists for €47.800.


    from the links below a 320d is 153g/km.. !!

    http://www.smmtco2.co.uk/co2search2.asp

    http://www.vcacarfueldata.org.uk/search/searchResults.asp


  • Closed Accounts Posts: 4,147 ✭✭✭E92


    slivebloom wrote: »
    unkel wrote:

    A BMW 320d ES (CO2 131 g/km) lists for €47.800.


    from the links below a 320d is 153g/km.. !!

    http://www.smmtco2.co.uk/co2search2.asp

    http://www.vcacarfueldata.org.uk/search/searchResults.asp

    Which is of course wrong! Unkel's figure of 131 g/km is wrong too! It actually pollutes 128 g/km. 320d's without EfficientDynamics have the SMMT figure, but EfficientDynamics models have been on sale for a few weeks now and all 2008 MY 3 series are equipped with EfficientDynamics.


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!




  • Registered Users, Registered Users 2 Posts: 52 ✭✭slivebloom


    Thanks for pointing that out. E92,
    For my reference can to tell me where to get the correct C02 details, is there a web site?


  • Closed Accounts Posts: 4,147 ✭✭✭E92


    slivebloom wrote: »
    Thanks for pointing that out. E92,
    For my reference can to tell me where to get the correct C02 details, is there a web site?

    BMW UK


  • Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    unkel wrote: »


    Sorry Unkel - but I think that description of the link is incorrect........

    The recommended retail price of a car includes taxes. Therefore, to say that tax is based on a calculation of a value which includes the very tax you're trying to work out is.............confusing !!

    What that link is for is VRT on USED cars, where the OMSP is calculated based on a % of the new price, adjusted for age, etc.

    VRT on new cars is quite simply (I think !), the garages' selling price and adding VRT (at the appropriate rate..), and then adding 21% VAT to the whole lot. So, a 20k net car (@20%VRT rate) from a dealer, would be: 20k car + 4k VRT + 5040 VAT = Total 29040. ( I know, brutal when you see it written down.....):eek:

    If, after 3 years, the Revenue decide that it has depreciated by 30%, the OMSP of that car is Eur 20,328. So now, if I want to bring in a 3 yr old one from UK, I pay VRT (again @20% rate) on 20328, and I must cough up 4065.60

    Maybe ColmMcM or E92 could chime in here with an actual working example for a new car..........

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    I was planning on bringing a 2000 - 2001 toyota Celica in from the UK in January. If i wait till July, i can get a 2001 in without paying Vrt and probably less tax?

    Although that would be great, it means I have to wait till july to get myself a new motor!
    Road tax on this will be a lot higher if you register it under the new system.

    Not your ornery onager



  • Advertisement
  • Closed Accounts Posts: 2,665 ✭✭✭gary the great


    So basically i'll save money by getting it before July then? But i'll pay 10% more Vrt


  • Registered Users, Registered Users 2 Posts: 23,090 ✭✭✭✭Esel
    Not Your Ornery Onager


    So basically i'll save money by getting it before July then? But i'll pay 10% more Vrt
    Before July, VRT will be 30%of the OMSP, road tax will stay on the existing cubic capacity system (e.g. €590 for a 2 litre). This road tax system will apply to the car into the future.


    From July, VRT will be based on CO2 figures - I would think your car would be fairly high on the scale? Road tax will also be based on emissions, and for a car like yours will probably cost a fair bit more than it would under the old system (depending on which emission band it is in obviously). Say for arguments sake it costs €800 per year, that means you will be paying €210 more each year for road tax. When you go to sell the car on, a potential purchaser looking at two similar cars, one of which costs €210 more to tax each year.....

    The rule is - register a gas guzzling, high-emissions car before July, register a low emissions one after July. For future savings.

    Simple really.

    Not your ornery onager



  • Closed Accounts Posts: 4,147 ✭✭✭E92


    After July, you will be charged 36% VRT and €2,000 tax per annum,if you can't prove the car's emissions e.g. show them the official EU test results. That is going to reduce the number of JDM imports a lot, particularly small engined JDM cars because the changes will hit them the hardest. They will cost more in VRT and a lot more to tax, and I don't know how one is supposed to prove the emissions rating because plenty of JDM cars have different engines and were never available here or anywhere in the EU.


  • Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    E92 wrote: »
    After July, you will be charged 36% VRT and €2,000 tax per annum,if you can't prove the car's emissions e.g. show them the official EU test results. That is going to reduce the number of JDM imports a lot, particularly small engined JDM cars because the changes will hit them the hardest. They will cost more in VRT and a lot more to tax, and I don't know how one is supposed to prove the emissions rating because plenty of JDM cars have different engines and were never available here or anywhere in the EU.


    I think this is well open to challenge. The changes state the maximum applicable rate. So a dirty old, pre CO2 car, say a 97 A3 1.8t, could cost Eur2k p.a. to tax. However, a domestic registered one is less than Eur500. I think it's well open to challenge that the applicable rate for that car is in fact, 500 (or whatever). It is interesting to note that the new regs saw that the 'applicable' rate is open to appeal, which would lead me to believe that there is room for maneouvre there.

    There is no question of 'calculating' equivalent CO2 readings for non-listed cars, so I think ultimately they will go on the 'old' tax system.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • Closed Accounts Posts: 4,147 ✭✭✭E92


    galwaytt wrote: »
    Maybe ColmMcM or E92 could chime in here with an actual working example for a new car..........
    As far as I can tell, unkel's example on page 1 is 100% correct. VRT is done after VAT is added on after all.


  • Subscribers Posts: 16,616 ✭✭✭✭copacetic


    has anyone done a calc on a bmw 320d coupe (m-sport) with full leather? (E92 I'm looking at you!). After E92 made me well aware of the new engines in the bmws I have been much more inclined to look at them.

    The issue I am having is trying to work out will they pass on the savings on things like the m-sport pack and the leather.

    Since they will be 150 tax if bought after July, and should come down nearly 10k, is the concensus that the various versions on carzone will have to come down more than that due to the extra tax?

    eg something like this:
    http://www.carzone.ie/usedcars/index.cfm?fuseaction=car&carID=714960

    is really now only worth 48k or so?


  • Closed Accounts Posts: 4,147 ✭✭✭E92


    copacetic wrote: »
    has anyone done a calc on a bmw 320d coupe (m-sport) with full leather? (E92 I'm looking at you!). After E92 made me well aware of the new engines in the bmws I have been much more inclined to look at them.

    The issue I am having is trying to work out will they pass on the savings on things like the m-sport pack and the leather.

    Since they will be 150 tax if bought after July, and should come down nearly 10k, is the concensus that the various versions on carzone will have to come down more than that due to the extra tax?

    eg something like this:
    http://www.carzone.ie/usedcars/index.cfm?fuseaction=car&carID=714960

    is really now only worth 48k or so?


    Well a new 320d M Sport Coupé costs €62,785 with leather now, but with the VRT changes, I would expect it to cost €52,320 roughly after July, which is more than €10k. And a 320d will cost €590 to tax if registered before July, compared to €150 after July, so cars before July will be worth less no doubt about that the question is how much less will they b e worth?

    For €59,720(after July compared to €64,835 now and €62,385 for a 320d now) roughly you could have the 325i with the same spec and a far nicer straight 6 growl and still have an average fuel consumption of 39.8 mpg and it would cost €430 to tax compared to €1,231 now or €590 for a 320d now.

    It's difficult to say how an M Sport 3 series rides without having had the luxury of travelling in one but if the 5 series is anything to go by, it should be avoided at all costs. An SE car will likely be a lot comfier(the ride is a shade firm but far from uncomfartable), to my eyes better looking and undeniably a lot cheaper, and if I had the luxury of that kind of money in the morning I would have the SE version anyday over an M Sport.


  • Subscribers Posts: 16,616 ✭✭✭✭copacetic


    personally I like the look, wheels and interior on the m-sport (eg part leather as standard) and found the ride to be fine. However I like the SE too, but it needs a wheel upgrade, the leather is a lot more to add than the m-sport etc which brings in up a lot.

    It's the price changes which would bring it into range, the 325i would be too much and I think the performace of the 4 cylinder engines gives the best value and also like the idea of the low co2 but decent performance.

    I'm sure everyone on here would be the opposite, but 8 secs 0-60 is plenty fast for me. My choice would be between the 320i and 320d depending on how the prices move tbh.


  • Closed Accounts Posts: 18 Cill25


    Hi,

    Confusing stuff!

    Just wondering on classic car situation,

    I brought over a 1979 Merc 230 last month and haven't yet registered it,

    My understanding VRT would be approx €500 and then tax at full rate until 2009, until car is 30 years old - is this correct?

    Will new regime mean classics still just on €46 per year?

    Cheers,

    C


  • Registered Users, Registered Users 2 Posts: 66,122 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Cill25 wrote: »
    Will new regime mean classics still just on €46 per year?

    Yes. See top of this thread


  • Advertisement
This discussion has been closed.
Advertisement