Exporting a car. Is there now a VRT rebate?

oz2013

Looking for some clarification on this. I have heard that since last week or so that the government has introduced a rebate of a % of your VRT if you export a vehicle. Is this true?

Reason I ask is that I am considering exporting a car and if I can get a few quid back it would be great

Kenny Logins

Yep, I've heard about that too, but it's not easy digging up solid info on it.

goochy

Heard that too don't understand why gov. Are doing it it's means money coming out of exchequer when we needed as much as we can in it

Kenny Logins

http://irdriver.com/news/revenue-commissioners-confirm-vrt-export-repayment.405

€500 admin fee. FFS.

Kenny Logins

...and I suppose they'll have two completely different OMSP lists; one for incoming and the other outgoing.

furtzy

The export calculator is here....not much value in it though!

https://www.ros.ie/evrt-enquiry/vrtenquiry.html?execution=e1s1

Mar4ix

" Where the current OMSP is less than €2,000, the vehicle does not qualify under the scheme; where the VRT calculation is €500, or less than the administration charge, no repayment is due. "

Matt Simis

Hmm- two things:

- Anyone know does the 30day to export also require the car to be imported elsewhere? Makes it impossible to import to Oz/Nz due to shipping time and also compliance certification time there (might be 6mths in total). EDIT: On rereading it implies after 30days if you havent exported it, it would need to be presented again. Still though, the sequence of Inspect, Value, Refund and Re-Import is vague..?
- My car isnt on the list as usual

subway

omsp of my car is 8901
does this mean if i export (at any price) i will get 2700 (less the admin fee) back from revenue?

Matt Simis

subway wrote: »

omsp of my car is 8901
does this mean if i export (at any price) i will get 2700 (less the admin fee) back from revenue?

The Calculator is live, just check it:
https://www.ros.ie/evrt-enquiry/vrtenquiry.html?execution=e1s1

Click on Vehicle Export Enquiry.

CiniO

Matt Simis wrote: »

Hmm- two things:

- Anyone know does the 30day to export also require the car to be imported elsewhere? Makes it impossible to import to Oz/Nz due to shipping time and also compliance certification time there (might be 6mths in total). EDIT: On rereading it implies after 30days if you havent exported it, it would need to be presented again. Still though, the sequence of Inspect, Value, Refund and Re-Import is vague..?
- My car isnt on the list as usual

30 day to have it registered in destination country only applies to exports to EU.
Outside an EU there isn't such requirement.

I wonder however what in case you sell someone a vehicle for export.
How can you make sure that person will register it within 30 day?

the culture of deference

Kenny Logins wrote: »

http://irdriver.com/news/revenue-commissioners-confirm-vrt-export-repayment.405

€500 admin fee. FFS.

How the fcuk is the admin fee 500 euro.

NCT Fee of €32, payable to NCT prior to vehicle inspection. Does this apply as well if the vehicle has an NCT

Kenny Logins

It's just another tax really, a vehicle registration tax refund tax. VRTRT.

What a shower..

00833827

500 notes? hilarious!!

subway

Matt Simis wrote: »

The Calculator is live, just check it:
https://www.ros.ie/evrt-enquiry/vrtenquiry.html?execution=e1s1

Click on Vehicle Export Enquiry.

i did check, which is where the figure comes from.
it just seems to be too good to be true. is it really just as simple as, get the car checked, exporting it and then collecting the cheque

joeslucky

Hi all, I looked at the export function there....to import a 2004 octavia vrs the omsp is €2000, and €680 vrt, but if I want to export the same car the revenue magically decides the omsp is €1034!!??? How is this possible? How can the same car have 2 different omsp?

the culture of deference

joeslucky wrote: »

Hi all, I looked at the export function there....to import a 2004 octavia vrs the omsp is €2000, and €680 vrt, but if I want to export the same car the revenue magically decides the omsp is €1034!!??? How is this possible? How can the same car have 2 different omsp?

VRT office magic ...........


If you have cash and could sell in the UK, then A 2010 Jaguar XF luxury top model will get you a €14,000 euro refund.

Kenny Logins

joeslucky wrote: »

Hi all, I looked at the export function there....to import a 2004 octavia vrs the omsp is €2000, and €680 vrt, but if I want to export the same car the revenue magically decides the omsp is €1034!!??? How is this possible? How can the same car have 2 different omsp?

Yeah, I did that too and found a €550 difference.

subway

has anyone exported a car to webuyanycar or someone like that?

mickdw

This should be interesting. Should cause alittle market adjustment really. I wont get much work done the next few days working out where the opportunities are in this. Im thinking with the 500 fee revenue are adding, you will need to be playing with more expensive stuff to find a profit, still I have a few models in mind that might be runners.

fabsoul

more info

As you are aware SIMI had for many years argued that the lack of a VRT refund was unfair to Irish dealers, as it removed the possibility of exporting surplus used cars, in times of market stress such as 2008/9. We had always seen this as a European Law issue because Ireland correctly allowed used cars to be imported into this market but effectively prevented used cars from being exported. This turned out to be the view that Europe also holds and Ireland was forced to introduce proposals to provide a VRT Export Refund Scheme. The Budget of December 2011 contained the legal provision for an export Refund that was to be implemented after a consultation and systems development period. SIMI as a key stakeholder made submissions as part of this consultation process in January/February 2012, listing our observations on the proposals and underlining the basic requirement of creating a more level playing field.

Since then we have been keeping the pressure on for updates in relation to progress on the proposals and we can now inform members that the Revenue Commissioners have confirmed to us that the VRT Export Refund Scheme will be implemented at the end of March 2013. The programming work has apparently now been completed and is currently being trialled by Revenue. You will notice that the VRT Calculator on the Revenue ROS Website now includes a facility for the calculation of a VRT repayment on exportation of an M1 vehicle. We understand that the Refund System will commence from the date on which the Minister will sign it into effect, so repayments will only fall due for vehicles exported after that date. In the meantime the system is producing indicative information on the potential refunds that should apply when the system is up and running, likely to be towards the end of March.

The Export Repayment Scheme calculator may be removed from the Website, after a trial period, but will certainly be permanently in place in good time for commencement of the Scheme. In the meantime, while it is still live, the Calculator will calculate an approximation of the VRT that may be repayable, but dealers would also need to check whether the particular vehicle had been previously subject to a VRT remission/repayment, as this would impact on the level of actual refund which may differ from the indicative calculation. According to the legislation, in order to qualify for a repayment, a vehicle must, amongst other things, have a value (OMSP) as determined by Revenue for VRT purposes of at least €2,000. An administrative charge of €500 will be charged. NCTS fees will also apply.

Guy:Incognito

joeslucky wrote: »

Hi all, I looked at the export function there....to import a 2004 octavia vrs the omsp is €2000, and €680 vrt, but if I want to export the same car the revenue magically decides the omsp is €1034!!??? How is this possible? How can the same car have 2 different omsp?

The omsp of any car you import will be around 2k on the higher bands.its a nominal figure so that the minimun figure for vrt is given by the calculator . Ie if the minimum vrt for your car is €720 , as I think it is for the 36% rate , it needs to give an omsp of 2k to produce €720 as thats 36% of 2k.

Senna

FFS, its saying I would have got €690 back for an 98 MR2 i sold last year to the UK for €2000:rolleyes:
I'm guessing older Jap imports where VRT was always ridiculous will benefit from this.

Notch000

Senna wrote: »

FFS, its saying I would have got €690 back for an 98 MR2 i sold last year to the UK for €2000:rolleyes:
I'm guessing older Jap imports where VRT was always ridiculous will benefit from this.

older japaneese cars will be now probably valued as F all OMSP, althogh if there is any money to be made its probably in high powered jap and pre recession luxury cars, where there is still high demand on the continent,

Think of the guy getting VRT demands for 25K for an escort cosworth shell, except revers the sineario

Seweryn

fabsoul wrote: »

An administrative charge of €500 will be charged. NCTS fees will also apply.

What does that "administrative charge" cover?

Senna

Seweryn wrote: »

What does that "administrative charge" cover?

Themselves from paying out to large amount of people.

Seweryn

Senna wrote: »

Themselves from paying out to large amount of people.

Yeah... But if I pay for something I would like to know what I am going to get for my money .

Del2005

joeslucky wrote: »

Hi all, I looked at the export function there....to import a 2004 octavia vrs the omsp is €2000, and €680 vrt, but if I want to export the same car the revenue magically decides the omsp is €1034!!??? How is this possible? How can the same car have 2 different omsp?

Could be very handy for appealing the OSMP of a car you've imported.

Hi VRT people I want to appeal the OSMP price you applied to my recent import, as I've found a cheaper OSMP. No need to dig through car sale sites for comparable cars now, they've done the hard work for you.

aaakev

Just took the other halfs car as ab example 2002 renault megane 5door hatch

Importing
omsp €2000
Vrt €560

Exporting
Omsp €715
Vrt €156

whomitconcerns

€6,559 for me, now all i need to do is export it :P (incidentally the VRT if I was to import comes out the same) do i charge them the 500€ in this case?

Robertr

Both import and export were the same for me (less the €500).

Works out quite well. I get €3k back and the cheapest same year car in the UK is €15k. So potentially €18k for a car I just paid €16 for!!

:D

Matt Simis

aaakev wrote: »

Just took the other halfs car as ab example 2002 renault megane 5door hatch

Importing
omsp €2000
Vrt €560

Exporting
Omsp €715
Vrt €156

I suspect some or all of this is due to the fact the Import OMSP is an Irish price which inherently includes VRT in it already while the Export OMSP is a UK/non-VRT Irish price which doesnt include VRT, its a more "raw" price.

The OMSP's cannot be compared.

Tigger

its because on importing the lowest allowed is €2,000

Del2005

Matt Simis wrote: »

I suspect some or all of this is due to the fact the Import OMSP is an Irish price which inherently includes VRT in it already while the Export OMSP is a UK/non-VRT Irish price which doesnt include VRT, its a more "raw" price.

The OMSP's cannot be compared.

If you look at the links in my last post they have the original OMSP the same for both import and export, so they aren't using the UK sale price.

Matt Simis

Del2005 wrote: »

If you look at the links in my last post they have the original OMSP the same for both import and export, so they aren't using the UK sale price.

Neither link works, you need to save and share the Stat code.

aaakev

Del2005 wrote: »

If you look at the links in my last post they have the original OMSP the same for both import and export, so they aren't using the UK sale price.

I took two screen shots and tried to attach them but it didnt work but they were lile del said above

mickdw

Matt Simis wrote: »

I suspect some or all of this is due to the fact the Import OMSP is an Irish price which inherently includes VRT in it already while the Export OMSP is a UK/non-VRT Irish price which doesnt include VRT, its a more "raw" price.

The OMSP's cannot be compared.

This is way off the mark. The omsp must be the same for both situations and in all cases ive checked last night, that was the case. The only issue is with the way they are pricing minimum vrt on cheap cars - giving cars a mimimum value of 2000 in order to end up with the minimum vrt price for imports was the way they did. That was just a simple way of putting cheap cars on their system. I suspect that will be altered soon too.
Look up any car that is not coming into minimum value and the omsp will be the same on import and export.

Matt Simis

mickdw wrote: »

This is way off the mark. The omsp must be the same for both situations and in all cases ive checked last night, that was the case. The only issue is with the way they are pricing minimum vrt on cheap cars - giving cars a mimimum value of 2000 in order to end up with the minimum vrt price for imports was the way they did. That was just a simple way of putting cheap cars on their system. I suspect that will be altered soon too.
Look up any car that is not coming into minimum value and the omsp will be the same on import and export.

Yeah probably, Im just suggesting some reasoning to Del2005'a findings.
I didnt see it either, 740i is coming up as EUR1410 rebate and OMSP of EUR5326 for both Import and Export.

Mr. 'H'

I paid a whopper amount of VRT in 2006 on a classic import from the US.

They charged me based on the full bill of sale/value. There are no real comparisons to go off.

I wonder if these VRT people will turn around and assess the OMSP at a fraction of what it was in '06 when I go to export the car.

Or if I can tell them to go to hell, they have to stand over the OMSP that THEY went off in '06 when I brought it in.

Relevant section in act:

For unique vehicles, e.g. classic/collectible vehicles, limousines, kit/reconstructed vehicles and other exotic vehicles, which, by their unique characteristics are not capable of being valued by reference to other vehicles on sale in the State, Revenue seeks the opinion of an automotive consultant retained by Revenue. The OMSP is then determined by taking their opinion and any other relevant information (including documentation provided by the person presenting the vehicle for registration) into account.

Del2005

Matt Simis wrote: »

Neither link works, you need to save and share the Stat code.

Didn't know that. All I did was a VRT due vs rebate check on the same car, a 2008 530d. The original OSMP was the same for bother yet the rebate was a good bit less than the charge.

Kenny Logins

Mr. H wrote: »

I paid a whopper amount of VRT in 2006 on a classic import from the US.

They charged me based on the full bill of sale/value. There are no real comparisons to go off.

I wonder if these VRT people will turn around and assess the OMSP at a fraction of what it was in '06 when I go to export the car.

Or if I can tell them to go to hell, they have to stand over the OMSP that THEY went off in '06 when I brought it in.

Relevant section in act:

Was that VRT or VAT? If it was a classic the VRT should have been €200.