How to find OMSP on 2012 car

Fleagle

I want to buy a 2012 car in the North and pay for it next month. The Revenue VRT calculator only goes up to 2011 and neither the Revenue nor the NCTS can/will tell me how much the OMSP will be. Revenue says it probably won't be much more than the 2011 price but that's no good to me if I'm hit with a big bill in January.

Does anyone have any ideas on who to call about this? Or have you had a similar experience?

Padraig Mor

92% of the list price here (incl extras - and metallic paint is an extra), which will be somewhat higher in Jan due to the 2% VAT increase. Don't forget you'll need to pay VAT too - at the new higher rate..... Bear in mind the VRT CO2 bands could change next week too!

Gophur

Fleagle wrote: »

I want to buy a 2012 car in the North and pay for it next month. The Revenue VRT calculator only goes up to 2011 and neither the Revenue nor the NCTS can/will tell me how much the OMSP will be. Revenue says it probably won't be much more than the 2011 price but that's no good to me if I'm hit with a big bill in January.

Does anyone have any ideas on who to call about this? Or have you had a similar experience?

The OMSP, by it's nature, cannot be calculated in advance. You will have to make a guess.

Padraig Mor

Gophur wrote: »

The OMSP, by it's nature, cannot be calculated in advance. You will have to make a guess.

Well, potential VAT and VRT shenanigans in the budget aside, it can. As the OP is looking at a brand new car, OMSP will be 92% of the list (excl delivery) in almost all cases.

helimachoptor

Lads, does anyone have an idea on whether any potential VRT changes will take place from Jan 1st as with VAT or will they be immediate effect?

Padraig Mor

Jan I'd imagine - would be mental with deals already done for Jan delivery if it was done immediately.

helimachoptor

Padraig Mor wrote: »

Jan I'd imagine - would be mental with deals already done for Jan delivery if it was done immediately.

Thanks... am thinking about getting a car from the UK, if they change it i'll go before xmas.

Fleagle

Padraig Mor wrote: »

Well, potential VAT and VRT shenanigans in the budget aside, it can. As the OP is looking at a brand new car, OMSP will be 92% of the list (excl delivery) in almost all cases.

Thanks - that is good to know.

Does anyone know if the VAT charged on a car bought this year but registered next year will still be 21%?

Padraig Mor

VAT will apply at the time of registration - if Jan, it looks like this will be 23%. It is applied to the price you paid for the car, after conversion to euro at the official rate. If we're still using euros then that is!

Gophur

Padraig Mor wrote: »

Well, potential VAT and VRT shenanigans in the budget aside, it can. ..........

So, you're agreeing with me? So, apart from the VAT and VRT changes, you are saying the OP can know the OMSP the car will have in January? What about potential price changes by the importer/distributor?

Ever hear of the saying "If I had ham, I could have ham and eggs, if I had eggs!"

robbie99

Fleagle wrote: »

I want to buy a 2012 car in the North and pay for it next month. The Revenue VRT calculator only goes up to 2011 and neither the Revenue nor the NCTS can/will tell me how much the OMSP will be. Revenue says it probably won't be much more than the 2011 price but that's no good to me if I'm hit with a big bill in January.

Does anyone have any ideas on who to call about this? Or have you had a similar experience?

There should be only three things that will cause the OMSP to change between now and January

1. Possible VRT band/rate changes in the budget. You'll have to wait until the budget is announced.
2. Probable VAT rise from 21% to 23%. You'll have to wait for this to be confirmed in the budget but with nothing else changing, a 2% rise in VAT will see the OMSP (and VRT due) rise 1.65% across the board.
3. Dealer/Distributer price changes. The distributers ultimately decide what the OMSP is. They can add whatever level of price inflation they feel appropriate and this price inflation will include any VAT changes.

Gophur

One final thing, if it's a car that is not readily available in Ireland, be prepared for all sorts of shenanigans by Revenue as they attempt to come up with a price.

R.O.R

Gophur wrote: »

Padraig Mor wrote: »

Well, potential VAT and VRT shenanigans in the budget aside, it can. ..........

So, you're agreeing with me? So, apart from the VAT and VRT changes, you are saying the OP can know the OMSP the car will have in January? What about potential price changes by the importer/distributor?

Ever hear of the saying "If I had ham, I could have ham and eggs, if I had eggs!"

Most manufacturers have already published their 2012 price lists, so will have the OMSP - subject to any VAT or VRT changes.

Chimaera

On a brand new car, they will add VAT and VRT to the sale price agreed with the dealer AIUI (same as they would on a car bought here). OMSP will only come into play if the car is registered outside of the country first.

Bear in mind that UK pre-tax prices are likely to be higher than Irish ones due to the lower taxes charged on new car purchases there. It's quite common for UK buyers to buy new cars here for import into the UK due to this.

The only reason I could see for doing this is to buy a car not available here.

R.O.R

Chimaera wrote: »

On a brand new car, they will add VAT and VRT to the sale price agreed with the dealer AIUI (same as they would on a car bought here). OMSP will only come into play if the car is registered outside of the country first.

Bear in mind that UK pre-tax prices are likely to be higher than Irish ones due to the lower taxes charged on new car purchases there. It's quite common for UK buyers to buy new cars here for import into the UK due to this.

The only reason I could see for doing this is to buy a car not available here.

Nope, you're wrong. VRT is based on the OMSP here and nothing at all to do with the cost of the car elsewhere.

robbie99

Chimaera wrote: »

On a brand new car, they will add VAT and VRT to the sale price agreed with the dealer AIUI (same as they would on a car bought here). OMSP will only come into play if the car is registered outside of the country first.

Bear in mind that UK pre-tax prices are likely to be higher than Irish ones due to the lower taxes charged on new car purchases there. It's quite common for UK buyers to buy new cars here for import into the UK due to this.

The only reason I could see for doing this is to buy a car not available here.

Maybe ten years ago that was the case but for years now UK pre-tax prices have been cheaper than Ireland.

Fleagle

Even with VAT and VRT, I can get a much higher spec car in the North compared to here for slightly cheaper - and that's without any extras added on. Of course if Revenue decide it's a different model due to the spec differences, then I'm in trouble.