EU want VRT changes for nearly new cars

Atlantic Dawn

Perhaps some good news for some...

The EU wants Ireland to change the way Vehicle Registration Tax (VRT) is applied to some imported cars.

Current VRT rules discriminate against some cars, says EU.

The European Commission has asked Ireland to change the way Vehicle Registration Tax (VRT) is applied to imported second-hand cars which are less than three months old.

www.rte.ie/news/2012/0126/cars-business.html

si_guru

Oh this would be funny if it was just lower VRT on Renaults and VWs..

L1011

I can see this turning in to VAT on all imported vehicles...

johndoc

colm_mcm

This is a joke, sure on that basis, no new car is worth the asking in that it devalues as soon as its registered.

maidhc

MYOB wrote: »

I can see this turning in to VAT on all imported vehicles...

There is VAT on all imported vehicles. The state can't charge VAT at the port unless it is coming from outside the EU.

copacetic

colm_mcm wrote: »

This is a joke, sure on that basis, no new car is worth the asking in that it devalues as soon as its registered.

Cars do devalue as soon as they are registered.

L1011

maidhc wrote: »

There is VAT on all imported vehicles. The state can't charge VAT at the port unless it is coming from outside the EU.

There is no VAT on second hand imports over 6 months/6000km, e.g. most of them brought in. This is what I'm referring to. If they need to change the VRT rules they're going to likely change the VAT ones to recoup losses.

colm_mcm

copacetic wrote: »

Cars do devalue as soon as they are registered.

So what's the difference if its 1 day old or 3 months old? It's only lost money if you're selling it.

People importing are doing so to save money. I don't think vrt should be less just cos the car has been registered in the dealers name, driven to the ferry, and to the vrt office.

Del2005

It would serve them better to query the OMSP on cars rather then the price of new cars.

The irony is that it's the EU that classes month/<3,000km vehicles as new for VAT purposes and not the Irish government. They want their cake and eat it.

pajo1981

Does this only apply to cars that have been sold or to new cars sitting on a lot also?

Del2005

pajo1981 wrote: »

Does this only apply to cars that have been sold or to new cars sitting on a lot also?

It applies to all vehicles imported from another EU state. If buying new you can get a form to purchase VAT exempt and only pay it here.

puppetmaster

MYOB wrote: »

There is no VAT on second hand imports over 6 months/6000km, e.g. most of them brought in. This is what I'm referring to. If they need to change the VRT rules they're going to likely change the VAT ones to recoup losses.

Doesnt the no VAT rule not only apply when VAT has already been paid in another EU country? as with any other product?

Del2005

puppetmaster wrote: »

Doesnt the no VAT rule not only apply when VAT has already been paid in another EU country? as with any other product?

Not on "new" vehicles. It's an EU ruling. 2nd hand ones are VAT exempt if they are over 3 months or 3000km

travelledpengy

ask Dr. Bill....

Sonar

I've heard that there is a big VRT case coming up in the courts shortly - anybody know any thing about it - will it affect VRT on imports? and I heard the EU are involved. Any truth?

Eleganza

6th March

pa990

Eleganza wrote: »

6th March

Amy further info, as to what exactly odd being argued

Eleganza

I'm not privy to that information as the legal team would have a strategy as to how they are going to approach the case. There is loads wrong with VRT but they'll be going after what is most effective rather than wading through every unfocused banal detail of the unjust system that is VRT. I just know it's on the 6th March.

testicle

puppetmaster wrote: »

Doesnt the no VAT rule not only apply when VAT has already been paid in another EU country? as with any other product?

Yes.

Del2005 wrote: »

Not on "new" vehicles. It's an EU ruling. 2nd hand ones are VAT exempt if they are over 3 months or 3000km

You can reclaim the UK (for example) VAT if you pay it over here on "new" cars.

skippy2

Re Eleganza post "I'm not privy to that information as the legal team would have a strategy as to how they are going to approach the case. There is loads wrong with VRT but they'll be going after what is most effective rather than wading through every unfocused banal detail of the unjust system that is VRT. I just know it's on the 6th March."



was thinking of buying a car from uk just around the first week in march :eek:
should one wait, is it possibly good news or bad news

Eleganza

case will run for a couple of weeks. wouldn't hold breath.

Sonar

Eleganza wrote: »

case will run for a couple of weeks. wouldn't hold breath.

I agree, buy your car - but appeal the VRT. Lets us know what it is if and when.