VRT/VAT??

dizzymc24 · 30-09-2011 9:18am #1

Hi

Apologies if I posted this in the wrong place?

Just wondering if someone could tell me if the price quoted on the VRT calculator is inclusive or exclusive of VAT?

Also if it is exclusive what rate of VAT am I liable to pay?? Im importing an 2007 vauxhall astra 1.4??

many thanks for the help

knifey_spoonie · 30-09-2011 9:28am

There is no VAT charged on VRT, They cannont charge a tax on a tax.

dizzymc24 · 30-09-2011 9:30am

thanks for your reply, Im pretty sure they can from what ive read, its ridiculous i know!

Atomic Pineapple · 30-09-2011 9:37am

VRT and VAT are two different taxes and therefore separate. If your importing from within the EU you won't have to pay tax on a 2007 car as far as I'm aware.

R.O.R · 30-09-2011 9:42am

dizzymc24 wrote: »

thanks for your reply, Im pretty sure they can from what ive read, its ridiculous i know!

Nope, Knifey is correct, there is no VAT on VRT.

If you are importing a used vehicle to Ireland, from within the EU, VAT has already been paid and there is no further VAT to pay on import to Ireland.

dizzymc24 · 30-09-2011 9:47am

ok thankyou apologies to knifey! I misinterpreted the information I was reading. I believe VAT must be paid for new vechicles (less than 6 months old or less than 6000 kms) coming into the state. Any VAT paid previously can be reclaimed.

However in my case as you say I will not be liable for VAT. (thank god, I was starting to panic at the figures!!)

Thanks again for everyones help

VRT/VAT??

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