VRT - Northern Ireland

brian_m

Hi folks, I am looking to purchase a car up North shortly. VRT calculations on an 07 versus 08 differs by around €1200 (high depreciation model). The car in question is an 08, does anybody know from experience that VRT rates change Jan 1st.. i.e. if I wait until the new year coming will I be in for a saving? Also, what documentation is required at the NCT centre (besides the purchase invoice) to verify the date of import? I imported from the UK mainland some time back and had to bring ferry tickets. Thanks

Atlantic Dawn

They will by a few percent, how much exactly is unknown. Just have the purchase invoice, if a private seller ask them to write their address on it.

Emissions based motor tax and VRT comes in to play on 2008 cars onwards so, make sure you have this calculated in your costs. For example a 2 litre diesel will be €710 a year motor tax first registered in 2007, the same car could be €190 first registered in 2008.

Docs you need...

Used Vehicle:

Please print and fill out the following Declaration Form for the Registration of a used Vehicle/ Motorcycle
Please print and fill out the following Form VRTVPD2 for Private vehicles
Evidence of previous registration e.g. foreign certificate of registration, a certificate of permanent exportation or a certificate of de-registration in the case of a vehicle imported from outside the EU, as appropriate, if the car has been previously registered. (A Vehicle Salvage Certificate cannot be used to register a vehicle from 20th February 2012) If the car has not been previously registered a Certificate of Conformity is required (this document will be retained by NCTS so please ensure you make a copy of it before you go to the test centre). Please provide original documentation only.
Vehicle invoice which must have the date of purchase/sale clearly indicated. If registering the vehicle on behalf of another customer, you must provide a signed letter from the customer authorising that the vehicle can be registered in their name.
Documentation verifying the new registered owner’s name and address. The following documents will only be accepted: P60, Bank/Financial Institution Statement, Credit Card Statement, Utility bill (Electricity, Gas, TV Service Provider eg SKY/UPC, Landline phone bill and Mobile Telephone (Bill pay only))Please note original documentation will only be accepted and must be no older than 6 months, e-statements will not be accepted.
Personal Public Service (PPS) Number of the person in whose name the vehicle shall be registered to (Official documentation will only be accepted i.e Social Services Card, P60)
For vehicles imported from Northern Ireland, where the invoice is dated more that 30 days earlier than the date the vehicle is presented for registration, details of where the vehicle was stored. For vehicles purchased in the EU, we require shipping details to confirm the date of arrival of the vehicle in the state. For vehicles outside the EU, we require the single administrative number and the date it was issued by customs at the point of entry to the EU.
Where an exemption from VRT is claimed, the exemption notification letter issued by Revenue.
Documentation (as approved by the Revenue Commissioners) confirming the level of CO2 emissions of the vehicle at the time of manufacture (if this information is not on the foreign certificate of registration). Where evidence of the level of CO2 emissions of the vehicle at the time of manufacture is not available at registration VRT will be charged at the highest rate applicable.

https://www.ncts.ie/1155

Cee-Jay-Cee

It depends on what make/model of car it is. Popular cars will see a very small reduction and in some cases it could actually rise. Less common cars should see a definite drop in VRT.

I bought a 2010 2.0 petrol car last December and checked the VRT and it was €2400. I checked again in the 1st week of January and it had dropped to €1980...but I know someone who was buying a Passat CC and there was no change in VRT price between December and January, the rates didn't change till March and even then it was only €70 purely because theyre popular cars and that keeps the market value inflated.

brian_m

Ok, I managed to find a detailed guide on this on their website:

https://www.revenue.ie/en/tax-professionals/tdm/vehicle-registration-tax/vrt-manual-section-08.pdf

It is all well explained how the calculations work with examples given. If I wait until January the vehicle will be deemed 10 years old (increasing from depreciation rate of 89% to 93%), there is a +5% addition to the OMSP for importing in January (Para 8.2.4), this will result in a saving of around 1,200 by my calculations, so worth waiting until then.

The only months no adjustment to OMSP are June & July.

Thanks for the replies folks.

Cee-Jay-Cee

brian_m wrote: »

Ok, I managed to find a detailed guide on this on their website:

https://www.revenue.ie/en/tax-professionals/tdm/vehicle-registration-tax/vrt-manual-section-08.pdf

It is all well explained how the calculations work with examples given. If I wait until January the vehicle will be deemed 10 years old (increasing from depreciation rate of 89% to 93%), there is a +5% addition to the OMSP for importing in January (Para 8.2.4), this will result in a saving of around 1,200 by my calculations, so worth waiting until then.

The only months no adjustment to OMSP are June & July.

Thanks for the replies folks.

I wouldn't go banking on a €1200 decrease over the space of 1 month as I cant see it happening especially if its a common car (you didn't mention what car it actually was)

A rough I guide I used last year was doing 2 VRT checks, one with the details of the car I was buying and one with the same details but making the car one year older, ie putting year of first reg as 2009 instead of 2010 and seeing what the difference is.

brian_m

The model is an A8, not that common as say an A4 and faster depreciation.. true, I guess the OMSP is debatable by the examining officer at the same time and not set in stone.
I had done exactly as you described aging the car 1 year older and then worked the example through using the guide, the result is very close in both at €1,200. I might go ahead with the purchase now and look at an appeal

Cee-Jay-Cee

brian_m wrote: »

The model is an A8, not that common as say an A4 and faster depreciation.. true, I guess the OMSP is debatable by the examining officer at the same time and not set in stone.
I had done exactly as you described aging the car 1 year older and then worked the example through using the guide, the result is very close in both at €1,200. I might go ahead with the purchase now and look at an appeal

Yeah there wouldn't be too many A8's being imported so your calculations now should be reasonably accurate and if your getting a similar figure from the VRT calculator by aging the car by a year then you should be within the ballpark on the VRT price (as I was last year using the same method)

brian_m

Cee-Jay-Cee wrote: »

Yeah there wouldn't be too many A8's being imported so your calculations now should be reasonably accurate and if your getting a similar figure from the VRT calculator by aging the car by a year then you should be within the ballpark on the VRT price (as I was last year using the same method)

Well if I am reading the literature correctly then the age of the car for
the applicable depreciation rate is caculated by subtracting the year of first reg (2008). from the date it is presented for reg. here... so if I buy the car shortly I have 30 days to present it at an NCT centre (book the appointment within 7 days of enetring the state), that 30 days will take me into 2018 so I should be good to go.

68 lost souls

brian_m wrote: »

Well if I am reading the literature correctly then the age of the car for
the applicable depreciation rate is caculated by subtracting the year of first reg (2008). from the date it is presented for reg. here... so if I buy the car shortly I have 30 days to present it at an NCT centre (book the appointment within 7 days of enetring the state), that 30 days will take me into 2018 so I should be good to go.

I would clarify though if the VRT is from date of purchase rather than date of actually sorting it?

brian_m

68 lost souls wrote: »

I would clarify though if the VRT is from date of purchase rather than date of actually sorting it?

Absolutely, trying to call them all day but no answer, will try again tomorrow

mayota

brian_m wrote: »

Absolutely, trying to call them all day but no answer, will try again tomorrow

The 07 might have lower VRT due to the market value being lower because of high motor tax. Compare an 08 to an 09 on the vrt calculator and see is there much difference. As Atlantic Dawn said make sure you know the emissions, in some cases cc based motor tax can be cheaper.

brian_m

The motor tax is slightly lower on an 08 versus 07 (224co2) surprisingly for a larger car of that year. Other cars I looked at especially jeeps can be a lot cheaper under the old system like you are saying alright. The omsp is the same listing for 07 & 08... An 09 comes in another 1k higher vrt

brian_m

For anyone interested, car cleared at the lower VRT amount as hoped by waiting until the new year.