Revenue Request for Information relating to the valuation of used vehicles

coylemj

Just published on etenders.ie This was copied & pasted so excuse spelling mistake (should be 'note') in the first sentence.

Please not that this is not a call for competition but a request for information from the market.

Vehicle Registration Tax (VRT) is charged on the Open Market Selling Price (OMSP) of a vehicle. The OMSP is the price, inclusive of all taxes and duties, which, in the opinion of the Revenue Commissioners, the vehicle might reasonably be expected to fetch on a first arm’s length sale thereof in the State by retail.

In forming an opinion of the OMSP, Revenue has devised a valuation process which is predicated on the principle that each vehicle brought into the State and presented for registration, other than vehicles supplied by the sole wholesale distributors in the State, is taxed based on the value that that vehicle would have, if it had been registered when new within the State, following supply by the sole wholesale distributor. This principle is essential in that the valuation of used vehicles brought into the State should not be so low as to disadvantage the normal sale of similar or equivalent used vehicles already registered in the State. Equally, the valuation should not be so high as to “protect” Irish vehicles against their equivalent imports. At present, this valuation process is manual and resource intensive.

The Revenue Commissioners now require a new efficient, automated valuation system that, while retaining the advantages of the current system, can provide an accurate valuation of vehicles in a more efficient way.

In order to achieve the optimum result, Revenue is looking for information about more efficient processes, better and/or electronic data sources and possibly automated processes that can be integrated into Revenue’s Information and Communications Technology infrastructure. This information will inform the
Commissioners in defining a set of requirements that may form the basis of a tender process.

-Corkie-

Does this mean the current NCT system will be abolished?.

Owen

Doubtful Corkie, the NCT check was mostly to see if people were putting through cars with Leather/SatNav as bog standard cars and escaping the extra VRT - even if they come up with an automated pricing system (Which I struggle to see how they'll implement in our volatile market which can't even use the trade pricing guide the same way the Glasses Guide is used verbatim in the UK) it wouldn't account for a car which had been retrofitted in the UK with extras prior to importing here.