Importing a demo

Ewan Hoosarmi

I,m thinking of importing a demo Ioniq. I know I will have to pay VAT on the car and reclaim the UK VAT, but I'm not clear about the purchase incentives. The VRT and SEAI grant.

How do these work with what is a new, but pre registered car? Are there purchase incentives in the UK that would be clawed back and claimed here, similar to the VAT?

Any info would be appreciated.

I know that buying through Phil in Naas would be the easiest, and I've been in contact with him, but he doesn't deal with cars found by the buyer.

ELM327

No SEAI grant as the car is not new.
VRT grant applied pro rata

You will get the UK grant (indirectly) as the car is already registered by someone in the UK (Ie if it has UK plates the grant has been applied)

KCross

If it’s more than 6 months old with more than 6000km’s on it there is no vat to pay when you bring it in.

Since it’s an ioniq EV there won’t be any VRT either.

You can’t claim any of the grants but you will have benefitted from the uk one so it’s the same thing.

The one exception is you can claim the home charge point grant from SEAI.

ELM327

KCross wrote: »

If it’s more than 6 months old with more than 6000km’s on it there is no vat to pay when you bring it in.

Since it’s an ioniq EV there won’t be any VRT either.

You can’t claim any of the grants but you will have benefitted from the uk one so it’s the same thing.

The one exception is you can claim the home charge point grant from SEAI.

There is VRT, but since it's less than 5,000€ he gets the grant and it fully covers it.

Ewan Hoosarmi

The one I'm looking at is 2 months old and has ~900 miles on it, so it will attract VAT. I'll have to check how the VAT refund works at the UK end. I know the VAT difference is 3% and I'm reasonably comfortable with that.

Upside is a Premium SE in the colour I like. Downside is units in miles. Being a digital dashboard, I'm sure this can be changed, but I can't find out how.

stesaurus

Ewan Hoosarmi wrote: »

The one I'm looking at is 2 months old and has ~900 miles on it, so it will attract VAT. I'll have to check how the VAT refund works at the UK end. I know the VAT difference is 3% and I'm reasonably comfortable with that.

Upside is a Premium SE in the colour I like. Downside is units in miles. Being a digital dashboard, I'm sure this can be changed, but I can't find out how.

You'll purchase the car ex VAT from the UK dealer. It's not a reclaim.
Relevant section
https://www.gov.uk/government/publications/vat-notice-728-new-means-of-transport/vat-notice-728-new-means-of-transport#purchasing-an-nmt-in-the-uk-for-removal-to-another-member-state

ELM327

stesaurus wrote: »

You'll purchase the car ex VAT from the UK dealer. It's not a reclaim.
Relevant section
https://www.gov.uk/government/publications/vat-notice-728-new-means-of-transport/vat-notice-728-new-means-of-transport#purchasing-an-nmt-in-the-uk-for-removal-to-another-member-state

Interesting and thanks for the link,
up to now everyone has stated it is a reclaim

Ewan Hoosarmi

stesaurus wrote: »

You'll purchase the car ex VAT from the UK dealer. It's not a reclaim.
Relevant section
https://www.gov.uk/government/publications/vat-notice-728-new-means-of-transport/vat-notice-728-new-means-of-transport#purchasing-an-nmt-in-the-uk-for-removal-to-another-member-state

Is that not only for new cars though. The car I'm looking at is a demo, so it's registered and VAT paid already. It is registered to a garage, so I'm not sure if they've actually paid the VAT or just owe it.

ELM327

Ewan Hoosarmi wrote: »

Is that not only for new cars though. The car I'm looking at is a demo, so it's registered and VAT paid already. It is registered to a garage, so I'm not sure if they've actually paid the VAT or just owe it.

But "new" in this case means less than 6k km and less than 6 months, no?

goz83

ELM327 wrote: »

But "new" in this case means less than 6k km and less than 6 months, no?

From an Irish Revenue perspective. VAT may have been paid in the UK. Buyer needs to check with dealer.

KCross

ELM327 wrote: »

There is VRT, but since it's less than 5,000€ he gets the grant and it fully covers it.

I know, same thing.... "Since it’s an ioniq EV there won’t be any VRT either."

I think what he wanted to know really was whether he needed to pay VRT for an Ioniq.... I just gave a more direct answer!

Ewan Hoosarmi

I ran the car through the VRT checker and it came back as zero. Only thing is that there's no SE spec on the calculator.

KCross

Ewan Hoosarmi wrote: »

Only thing is that there's no SE spec on the calculator.

It wont matter.... it will still be zero.

Ewan Hoosarmi

ELM327 wrote: »

But "new" in this case means less than 6k km and less than 6 months, no?

Yes. Reading section 2 of the above link, you are right.

stesaurus

Ewan Hoosarmi wrote: »

Yes. Reading section 2 of the above link, you are right.

It's a little confusing with the way it's worded but if either condition isn't met, it's new.
So you could have a 2 year old car but less than 6,000km so it's new or a 5 month old car but over 20,000km and it's still new!

Finding a dealer who doesn't think you're trying a VAT scam can be difficult and most will not have dealt with this before so it can be tricky.

Ewan Hoosarmi

stesaurus wrote: »

It's a little confusing with the way it's worded but if either condition isn't met, it's new.
So you could have a 2 year old car but less than 6,000km so it's new or a 5 month old car but over 20,000km and it's still new!

Finding a dealer who doesn't think you're trying a VAT scam can be difficult and most will not have dealt with this before so it can be tricky.

Yeah, I've e-mailed the dealer and linked to the government site you linked. It looks like a form VAT 411 (declaration) needs to be filled out by both the seller and buyer, in person. So sending NVD to collect looks to be out. Ah well... ROAD TRIP!!.

Shefwedfan

Ewan Hoosarmi wrote: »

I ran the car through the VRT checker and it came back as zero. Only thing is that there's no SE spec on the calculator.

The VRT is just a guideline, even if it does come back as 0 you need to check with them direct.

ELM327

Shefwedfan wrote: »

The VRT is just a guideline, even if it does come back as 0 you need to check with them direct.

+1
And you still need to go for the appointment within 28 days etc, just that (usually) for EV no money needs to change hands

KCross

Shefwedfan wrote: »

The VRT is just a guideline, even if it does come back as 0 you need to check with them direct.

Why would they need to check?
The RRP would need to be €35k+ for any VRT to be paid. No Ioniq EV is going to require VRT to be paid on that basis, so what is there to check with them?

ELM327

KCross wrote: »

Why would they need to check?
The RRP would need to be €35k+ for any VRT to be paid. No Ioniq EV is going to require VRT to be paid on that basis, so what is there to check with them?

The rest of the VRT inspection still needs to be completed.

Ewan Hoosarmi

ELM327 wrote: »

The rest of the VRT inspection still needs to be completed.

What would that involve, on a basically new car?

KCross

ELM327 wrote: »

The rest of the VRT inspection still needs to be completed.

Of course, we are talking about the VRT that has to be paid though.... what is there to check with them on that?

You do of course still have to go for the VRT inspection and get your new reg number etc.

ELM327

Ewan Hoosarmi wrote: »

What would that involve, on a basically new car?

Presenting the car and all relevant documents.
Displaying personal ID and your revenue ID (PPS for PAYE individuals)
Presenting and displaying the VIN on the car, must be the stamped steel one they do not accept plastic VIN plates (or the plastic plates visible in the windscreen)

KCross

Ewan Hoosarmi wrote: »

What would that involve, on a basically new car?

https://www.ncts.ie/1145

FAQ's etc and what docs you need to bring with you are detailed on their website.

I believe the VAT side of things is also taken care of during the appointment as VRT and VAT are both owned by Revenue.

ELM327

KCross wrote: »

Of course, we are talking about the VRT that has to be paid though.... what is there to check with them on that?

You do of course still have to go for the VRT inspection and get your new reg number etc.

I presume that the same cursory check of inputting the car's details onto revenue computer at the NCTS VRT section and confirming that the VRT is 0

I get your point that no vrt is due - but theoretically that could change if the OMSP were to rise above €35k.

peaceboi

Did you buy the ioniq?
Thank s

Ewan Hoosarmi

peaceboi wrote: »

Did you buy the ioniq?
Thank s

No, I bought one here new instead.

peaceboi

Oh great, how long you had to wait?
Or did they have in stock already?

Ewan Hoosarmi

peaceboi wrote: »

Oh great, how long you had to wait?
Or did they have in stock already?

It was in stock. There are a load of white ones in stock around the country. I was able to find the only silver one.

peaceboi

V lucky. That's the colour am after 😉

Ewan Hoosarmi

peaceboi wrote: »

V lucky. That's the colour am after ��

Go to the Hyundai Ireland website and get the dealer details, then get ringing. You never know, but all I could find were white ones. Platinum Silver would have been my third choice after Marina Blue and Aurora Silver.

kilk

Apologies if this has already been answered!

I was at the SEAI Show today and got talking to a salesman for the BMW i3. He reckoned there is vrt to be paid on bringing a new one in from UK. Was he correct?

KCross

kilk wrote: »

Apologies if this has already been answered!

I was at the SEAI Show today and got talking to a salesman for the BMW i3. He reckoned there is vrt to be paid on bringing a new one in from UK. Was he correct?

He is correct.
There is a VRT exemption of €5000. Any EV you bring in that has more VRT on it than €5k requires you to pay the balance.

So, you wont pay much VRT on an i3 but you will pay some. Basically anything that the revenue consider to be worth over €35k will start to go over the €5k exemption so you start paying.

ELM327

And you will pay more VRT on a Rex model as the PHEV VRT discount is 2500 not 5000. AFAIR

Soarer

And if it's new, you'll also have to claim back the VAT on the UK side and pay it on this side.

That's why "we'd" always recommend getting a car that's over 6 months old and over* 6000km to avoid the VAT hassle.

* - it has to be over 6000kms come VRT time. It's amazing how many cars are bought with less than 6000kms but are magically over that figure when the VRT is due!

Ewan Hoosarmi

Soarer wrote: »

And if it's new, you'll also have to claim back the VAT on the UK side and pay it on this side.

That's why "we'd" always recommend getting a car that's over 6 months old and over* 6000km to avoid the VAT hassle.

* - it has to be over 6000kms come VRT time. It's amazing how many cars are bought with less than 6000kms but are magically over that figure when the VRT is due!

If it's new it can be bought VAT free in the UK. All that is needed is a VAT 411 form to be signed by both parties.

Soarer

Ewan Hoosarmi wrote: »

If it's new it can be bought VAT free in the UK. All that is needed is a VAT 411 form to be signed by both parties.

Really?

That makes it a lot less painless.

I mean, a new 40kWh White Leaf SVE here is €33,600 inc. dealer, etc. No metallic.

This Tekna in the UK with 6000 miles is asking £25k.
If you pay asking, less VAT is £20833. On XE.com, that's €23,800. Round that up to €25k including exchange, travel. Never be that much like, but worst case.
VAT here @ 23% on €25k is €30,750. No VRT.

So a worst case saving of €3k.

Not to be sniffed at.

Ewan Hoosarmi

Soarer wrote: »

Really?

That makes it a lot less painless.

I mean, a new 40kWh White Leaf SVE here is €33,600 inc. dealer, etc. No metallic.

This Tekna in the UK with 6000 miles is asking £25k.
If you pay asking, less VAT is £20833. On XE.com, that's €23,800. Round that up to €25k including exchange, travel. Never be that much like, but worst case.
VAT here @ 23% on €25k is €30,750. No VRT.

So a worst case saving of €3k.

Not to be sniffed at.

Yup, that's the case, and it doesn't need to be a high miler like that one either. It can even be 0 miles, but realistically, a demo can be had with under 1000.

Only downside is the MPH instrument cluster. Probably wouldn't bother some, but it would piss me off no end.

Soarer

Ewan Hoosarmi wrote: »

Yup, that's the case, and it doesn't need to be a high miler like that one either. It can even be 0 miles, but realistically, a demo can be had with under 1000.

Only downside is the MPH instrument cluster. Probably wouldn't bother some, but it would piss me off no end.

You could probably get a quote from someone like carwow and see what a brand new one would be.

Actually I'm bored. Gonna do that for pig iron.

KCross

Ewan Hoosarmi wrote: »

Yup, that's the case, and it doesn't need to be a high miler like that one either. It can even be 0 miles, but realistically, a demo can be had with under 1000.

Would it really work though for a 0 mile car (i.e. unregistered). I'd suggest you might have issues getting the UK grant applied to it if you dont have a UK address.

I'd say it would have to be a demo car?

Ewan Hoosarmi wrote: »

Only downside is the MPH instrument cluster. Probably wouldn't bother some, but it would piss me off no end.

Thats one downside with the new Leaf.... it now has a traditonal dial speedo. The old Gen was digital so a few button presses on the dash and it changed from mph to km/h.

Ewan Hoosarmi

KCross wrote: »

Would it really work though for a 0 mile car (i.e. unregistered). I'd suggest you might have issues getting the UK grant applied to it if you dont have a UK address.

I'd say it would have to be a demo car?



Thats one downside with the new Leaf.... it now has a traditonal dial speedo. The old Gen was digital so a few button presses on the dash and it changed from mph to km/h.

Yeah, good point, a demo would be the best bet. Registered and ready for export. A demo with delivery mileage.