Which cars can Vrt be reclaimed?

bob5666

Can I get vrt claimed back on all category a cars i export ?

colm_mcm

http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/faqs.html

Passenger vehicles (EU Vehicle Category M1), that are registered in the State and on which VRT has been paid, are the only vehicles eligible for the Export Repayment Scheme.

timmy4u2

colm_mcm wrote: »

http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/faqs.html

Not forgetting that any such vehicles with an Open Market Selling Price of under €2000 will not qualify for payment either

bob5666

colm_mcm wrote: »

http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/faqs.html

Does that mean only vehicles eligible are ones that have been imported into the country ( ie imported from uk )

timmy4u2

colm_mcm wrote: »

http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/faqs.html

bob5666 wrote: »

Does that mean only vehicles eligible are ones that have been imported into the country ( ie imported from uk )

All cars are imported into Ireland as we do not have any assembly plants here.

colm_mcm

bob5666 wrote: »

Does that mean only vehicles eligible are ones that have been imported into the country ( ie imported from uk )

No. Most new cars here would have paid vrt (there are cars that would have been exempt so no vrt reclaim there, same with people importing their own cars on vrt exemption)

bob5666

timmy4u2 wrote: »

All cars are imported into Ireland as we do not have any assembly plants here.

Sorry I meant imported second hand from uk

bob5666

colm_mcm wrote: »

No. Most new cars here would have paid vrt (there are cars that would have been exempt so no vrt reclaim there, same with people importing their own cars on vrt exemption)

Does that mean most new cars that are bought new here if exported are eligible for a refund ?

timmy4u2

bob5666 wrote: »

Sorry I meant imported second hand from uk

Ok, as Colm said above then.
Its the residual vrt you will be claiming back, its worth now, calculated by the OMSP less a considerable clerical fee that often makes it not worth the effort

Guy:Incognito

bob5666 wrote: »

Does that mean most new cars that are bought new here if exported are eligible for a refund ?

Every car in Ireland has vet paid on it unless the particular one has an exemption ( disabled scheme, state car etc)

colm_mcm

Yes, provided the OMSP is more than 2 grand, and revenue take the first €500 back off the amount.

timmy4u2

colm_mcm wrote: »

Yes, provided the OMSP is more than 2 grand, and revenue take the first €500 back off the amount.

Plus the examination fees to the NCTS office and payment will be made only to the last registered owner.
They make it very difficult. One vehicle that comes to mind that may be worth exporting is the Range Rover, though with the car tax regime for larger Co vehicles climbing in the UK even that market is getting more difficult.

bob5666

timmy4u2 wrote: »

Plus the examination fees to the NCTS office and payment will be made only to the last registered owner.
They make it very difficult. One vehicle that comes to mind that may be worth exporting is the Range Rover, though with the car tax regime for larger Co vehicles climbing in the UK even that market is getting more difficult.

I was thinking of exporting an x 5 bmw which has 5000 minus the fees to be claim back on it

Xpro

bob5666 wrote: »

I was thinking of exporting an x 5 bmw which has 5000 minus the fees to be claim back on it

Just make sure it wasn't a lease car before, as some cars that used to be under lease agreement had vrt deducted in some form of tax relief,etc so it will not be worth your while.

One of my friends got an 08 X5 Msport examined for export, but only got 2200 back, ( instead of 9,000) as the rest of the VRT was previously deducted under the lease agreement.

bob5666

Xpro wrote: »

Just make sure it wasn't a lease car before, as some cars that used to be under lease agreement had vrt deducted in some form of tax relief,etc so it will not be worth your while.

One of my friends got an 08 X5 Msport examined for export, but only got 2200 back, ( instead of 9,000) as the rest of the VRT was previously educted under the lease agreement.

Thanks for that info so many ways to be caught out ?

timmy4u2

Xpro wrote: »

Just make sure it wasn't a lease car before, as some cars that used to be under lease agreement had vrt deducted in some form of tax relief,etc so it will not be worth your while.

One of my friends got an 08 X5 Msport examined for export, but only got 2200 back, ( instead of 9,000) as the rest of the VRT was previously deducted under the lease agreement.

Seems a lot at €9000. I know a guy who decided to export a 2002 Merc 220 CDI Estate.
The VRT back was €548 and with €500 admin fees and the test fees he was gaining nothing

bob5666

timmy4u2 wrote: »

Seems a lot at €9000. I know a guy who decided to export a 2002 Merc 220 CDI Estate.
The VRT back was €548 and with €500 admin fees and the test fees he was gaining nothing

The bmw is 08 worth alot more so more vrt to be reclaimed

timmy4u2

bob5666 wrote: »

The bmw is 08 worth alot more so more vrt to be reclaimed

I understand that but I thought more in the region of €6500

Xpro

timmy4u2 wrote: »

I understand that but I thought more in the region of €6500

Just go to revenue vrt calculator and you will see the price;)