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Used car VRT rates budget 2021

  • 05-11-2020 1:49pm
    #1
    bs2014
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭


    Folks, can I check my calcutation of VRT are correct.

    Take for e.g a car with 125g
    VRT today: 18% of the OMSP

    After Jan 1st.

    Same car will be 155g/23.5%
    y = 125(1.1405)+12.858

    But if the same 125g car happens to have been registered on or after Sept 1st 2018; the VRT band will actually be just 15.75% which is actually a drop

    I'm not in the trade anymore but just trying to get my head around the calculations and limited online sources.


Comments

  • #2
    R.O.R
    Registered Users, Registered Users 2 Posts: 12,712 ✭✭✭✭R.O.R


    bs2014 wrote: »
    Folks, can I check my calcutation of VRT are correct.

    Take for e.g a car with 125g
    VRT today: 18% of the OMSP

    After Jan 1st.

    Same car will be 155g/23.5%
    y = 125(1.1405)+12.858

    But if the same 125g car happens to have been registered on or after Sept 1st 2018; the VRT band will actually be just 15.75% which is actually a drop

    I'm not in the trade anymore but just trying to get my head around the calculations and limited online sources.

    Anything registered after September 2018 will have 2 different emissions levels.

    In your scenario it will have NEDC emissions of 125g, but the WLTP emissions will be higher. There's no direct correlation between the NEDC and WLTP emissions, but the Revenue Forumula should give a good guide, so it's likely to be around 155g and would then fall in to the 23.5% VRT Band if registered next year.

    You'd need to find the actual WLTP figure if it is a car registered after Sep 2018.


  • #3
    bs2014
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭bs2014


    R.O.R wrote: »
    Anything registered after September 2018 will have 2 different emissions levels.

    In your scenario it will have NEDC emissions of 125g, but the WLTP emissions will be higher. There's no direct correlation between the NEDC and WLTP emissions, but the Revenue Forumula should give a good guide, so it's likely to be around 155g and would then fall in to the 23.5% VRT Band if registered next year.

    You'd need to find the actual WLTP figure if it is a car registered after Sep 2018.

    Thanks, so my thinking that if the car was originally registered Sept 18 onwards and having 15.75% VRT band is wrong....cuz that would be less than it actually is today.


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