Importing a Panel Van from UK

donalf

Sorry if this is has already been covered on another thread but i couldn't find the exact answer I'm looking for.

I want to buy a buy a second hand (2021) van (normal panel van / not a camper) in mainland UK and import it to ROI. Lets say the Van costs 28k plus Vat.

As far as i understand there was a recent change brought in around May 2024, but i dont full understand any of this …

Can anyone tell me the cost breakdown of both options:

Option A - Import it straight to ROI and pay all the necessary taxes etc

Option B - Get my cousin who lives in Northern Ireland to register / tax it in his name in the north and then after 3 months, i buy it from him and import it to ROI

colm_mcm

Are you buying it for a vat registered business? Or for personal use where you wouldn’t be claiming VAT?

goochy

What benefit will getting your cousin to register it be ?

colm_mcm

https://www.boards.ie/discussion/comment/122512823#Comment_122512823

avoid Irish VAT and customs charge.

goochy

3 months won't be enough and will have to pay customs to register

steinbock123

https://www.boards.ie/discussion/comment/122512874#Comment_122512874

Why do you say this? How long will be enough?

User1998

https://www.boards.ie/discussion/2058364778/importing-a-panel-van-from-uk

A: Purchase price x 1.353 + €200 VRT

B: Purchase price + €200 VRT

donalf

Thanks,

Is the ' purchase price ' determined by the invoice / receipt i get from the person / business selling it ?

Or is there a (over) valuation process based on revenues omv ( open market value) database ?

User1998

Its the price on the invoice

donalf

What if I buy a van privately ( not from a garage ) in NI ?

I assume they wont accept a receipt / invoice from a private owner ?

User1998

They will

donalf

thanks, what do i need from the person selling me the van ? just a standard receipt of purchase ?

User1998

And the V5

donalf

sorry about all of the questions … whats the ' V5 ' ?

User1998

The logbook.

donalf

ok and thanks for all the answers … hopefully this is my last question on this ….

what if i were to buy a van from a private seller in the uk who isn't vat registered and is selling a commercial van without any vat ( as in, they have already paid the vat) …

lets say the cost of the van is 20k … is the total cost to me 20 x 1.353 + 200 = 27,260 ?

what if the reciept from this private seller was lower than the amount paid ? ( do they use their valuation on uk imports or just work off the hand written receipt from a private seller ? )