Importing a modern classic and storing it

theguzman

Would it be possible to buy say a 25-28 year old British car today and store it in Ireland and then in 2 to 5 years time go to VRT it as a Classic without all the cost and expense as a conventional car, also would you need to pay VAT or would they take a dim view of things? With Sterling crashing and some great bargains in what I'm interested in I would be tempted to bring something back and garage it until I got it on the road at a cheaper rate of motor and vrt etc.

Marcusm

Not legally unless it’s non-functional. VRT applies from the point of importation of a foreign vehicle as that is the point at which a registration obligation applies unless you have a TAN number.

User1998

https://www.boards.ie/discussion/comment/119666582#Comment_119666582

True but there are no penalties for registering a vintage vehicle late

Marcusm

It wasn’t eligible for the reduced rate when the registration obligation arose. If NCTS did their job properly when it was presented then a full amount of VRT plus penalties would arise. Of course they might be presented with false facts.

mickdw

In that case I'd say most cars will end up being presented as being taken in from NI the week before.

User1998

https://www.boards.ie/discussion/comment/119668736#Comment_119668736

No, there just aren’t any late penalties for vintage cars. The legislation states that the maximum penalty for vintage vehicles is €200 regardless of how long its been in the country.

Tiger72

https://www.boards.ie/discussion/comment/119668879#Comment_119668879

I like that - do you have a link to that Legislation ?

User1998

https://www.boards.ie/discussion/comment/119669406#Comment_119669406

It should be buried within one of the VRT manuals

Marcusm

Utter rubbish.

User1998

https://www.boards.ie/discussion/comment/119682916#Comment_119682916

You’ve obviously never VRT’d a vintage car? Maximum late penalty is €200 and the VRT itself is €200. The late penalty for vintage is rarely enforced

Marcusm

https://www.boards.ie/discussion/comment/119686922#Comment_119686922

How do you suggest he provides non-forged evidence of the purchase and transportation of the car?

my original comment on “utter rubbish” was your suggestion that the permission for these actions was your statement about it being clear in legislation and that the legislation is in the VRT manual (which it isn’t).

User1998

https://www.boards.ie/discussion/comment/119696837#Comment_119696837

Whats so hard to understand? You provide a genuine purchase invoice and a genuine transport docket. You register the car once its 30 years old and worst case scenario you get charged late fees of €200. Doesn’t matter if the car wasn’t vintage when it was purchased or entered the country

Its common knowledge in the vintage car scene. OP if you ask on a Facebook group I’m sure many people will agree.

https://www.boards.ie/discussion/comment/119668736#Comment_119668736

Utter rubbish …

Marcusm

https://www.boards.ie/discussion/comment/119696981#Comment_119696981

You’ve clearly never read the VRT Manual to which you yourself have referred. Full VRT plus lane charges are due for the circumstances you outline but NCTS staff have clearly failed to follow them.

4.1.2 Procedures for calculating outstanding VRT

The NCTS captures the date the vehicle was brought into the State and Revenue systems calculate if the vehicle has remained unregistered in the State longer than the prescribed time (i.e. appointment with NCTS not booked within 7 days of the vehicle entering the State and vehicle registration not completed within 30 days of the vehicle entering the State). If the vehicle has not been held by an authorised TAN holder the system will automatically calculate an outstanding VRT charge.

When the outstanding charge is raised, the NCTS will request payment of both the VRT calculated and the outstanding charge of VRT due to late registration, as calculated by Revenue, at the time of registration.

 L

 Where a vehicle, which is subject to additional VRT, is to be registered by a Revenue officer at a Revenue office, the Revenue officer should examine:

 the data collected and entered for the vehicle,

 existing Revenue information including any VRT 32 forms issued by the Enforcement

Units in relation to the vehicle, and

 other relevant information to hand,

before determining that an outstanding charge is appropriate.

The Revenue VRT IT systems in place on ITP will calculate any late charge automatically, and will do so by following the steps outlined below:

 Calculating the VRT charge in the normal way (“A”),

 Determining, from the information entered, the number of days the vehicle has been

in the State unregistered (“N”), and

 Calculating an outstanding charge of 0.1% (“P”) of the VRT charge for each of these days.

Once the charge has been calculated, an outstanding charge letter must be issued to the registered owner of the vehicle by the Revenue officer.

Marcusm

Plus the suggestion of relying on Facebook groups brings an entirely new level of crapness into the equation.

I repeat from my first post, if NCTS is doing its job properly….

User1998

Every vintage car and the documents that come with it are sent to Revenue before you can pay. So its not just the NCT staff.

And I would think that talking to people who regularly VRT vintage cars would be better than getting advice from someone who has never VRT’d a vintage car

Fair enough, I thought it would be in the VRT manual somewhere. I’l take your word that its not.

Marcusm

It’s quite clear in the VRT manual that purchasing a car before vintage status, bringing it to Ireland and storing it here is liable for full VRT plus penalties.

likewise any person who creates a document to falsely identify a car as having been purchased at a later date or brought into the state at a later date is guilty of the offence of false accounting under section 10 Criminal Justice (Theft and other fraud offences) Act 2001 rendering them liable for imprisonment for a period of up to 10 years.

the OP should buy the car and store it in the north until the 30th anniversary has past.