Late VRT penalty (no V5C cert)

ClutchIt

Hi all.
I bought a car from a small dealer in UK last week. He bought from auction, so as he tells me there was no V5C cert. He didn't apply for one as he wants to keep registered owners down, sounds fair enough. So I sent off for the cert. This can take 4-6 weeks. Car was brought back to Ireland 7 days ago.
If I wait more than 30 days to pay VRT then I am penalised. However, I can't VRT until that cert comes.
This leaves me in an awkward situation. Are they going to try penalise me, even though there is nothing I can do?

njburke

Where did you send off to get the replacement v5, do you just need a UK address. I'm waiting on a car to be delivered from the UK, I may be in the same position.

ClutchIt

My brother lives in UK so it's being delivered to his house. They will only send to a UK address I believe.

garv123

ClutchIt wrote: »

Hi all.
I bought a car from a small dealer in UK last week. He bought from auction, so as he tells me there was no V5C cert. He didn't apply for one as he wants to keep registered owners down, sounds fair enough. So I sent off for the cert. This can take 4-6 weeks. Car was brought back to Ireland 7 days ago.
If I wait more than 30 days to pay VRT then I am penalised. However, I can't VRT until that cert comes.
This leaves me in an awkward situation. Are they going to try penalise me, even though there is nothing I can do?

Yes they will penalise you.

30 days from when the car came into the country..
The penalty .01% of the VRT per day late.

https://www.revenue.ie/en/tax-professionals/tdm/vehicle-registration-tax/vrt-manual-section-01.pdf

So if the VRT is 1000 and you're 10 days late.

1000 x .01 x 10= €100

garv123

garv123 wrote: »

Yes they will penalise you.

30 days from when the car came into the country..
The penalty .01% of the VRT per day late.

https://www.revenue.ie/en/tax-professionals/tdm/vehicle-registration-tax/vrt-manual-section-01.pdf

So if the VRT is 1000 and you're 10 days late.

1000 x .01 x 10= €100

Your maths looks wrong to me. .01 is 1% not .01 percent

grogi

Deleted User wrote: »

Your maths looks wrong to me. .01 is 1% not .01 percent

What's most important, the actual rate is 0.1% per day. Not 0.01% nor 0.01.

So being 10 days late on €1000 VRT equals €10 fine.

d15ude

garv123 wrote: »

Yes they will penalise you.

30 days from when the car came into the country..
The penalty .01% of the VRT per day late.

https://www.revenue.ie/en/tax-professionals/tdm/vehicle-registration-tax/vrt-manual-section-01.pdf

So if the VRT is 1000 and you're 10 days late.

1000 x .01 x 10= €100

"A is the VRT, P is 0.1%"

1000 x 0.1% x 10= €10

stoneill

Is VRT accrued if a car is off the road?

ClutchIt

Thank all for the replies. Ok, 0.1% is not too bad if that's all it is.

User1998

1. VRT late penalties don’t apply during lockdowns and afaik they are being waived until the end of the year.

2. I was waiting 2 months for a logbook recently.

Hope this helps

garv123

Deleted User wrote: »

Your maths looks wrong to me. .01 is 1% not .01 percent

Yes, yes it most definitely is wrong.. off to hide under the table now..

Its a Monday morning :pac: I even knew I paid nowhere near that for 3 months late.

ClutchIt

User1998 wrote: »

1. VRT late penalties don’t apple during lockdowns and afaik they are being waived until the end of the year.

2. I was waiting 2 months for a logbook recently.

Hope this helps

Thanks a lot, I was hoping this would be the case as it seems only fair. Thank you.