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VAT calculation on new car from UK

  • 17-01-2012 01:26AM
    #1
    cavanman
    Registered Users, Registered Users 2 Posts: 88 ✭✭


    Was just wondering if anybody knows how the VAT liability on a new car brought in from the UK is calculated. Specifically is it calculated as a percentage of the value you pay for the car in the UK or its book value on entry to Ireland.

    Thanks,

    Cavanman
    Tagged:


Comments

  • #2
    mickdw
    Registered Users, Registered Users 2 Posts: 23,835 ✭✭✭✭mickdw


    Its surely the Irish percentage rate charged against the pre vat uk invoice price paid.


  • #3
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,865 ✭✭✭✭Marcusm


    mickdw wrote: »
    Its surely the Irish percentage rate charged against the pre vat uk invoice price paid.

    remember that VAT is also charged on the VRT!!


  • #4
    JHet
    Registered Users, Registered Users 2 Posts: 525 ✭✭✭JHet


    I think its the other way round mate. VRT is calculated on the Value Added Tax price of the car.


  • #5
    cavanman
    Registered Users, Registered Users 2 Posts: 88 ✭✭cavanman


    Thanks for the info guys.

    [Marcusm]
    Does that mean that the VRT cost shown on the VRT website is the less VAT?


  • #6
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,865 ✭✭✭✭Marcusm


    I should withdraw my comment. On new imported cars it seems the VAT is on the translated (into EUR) invoice price. If a dealer pre regs the car for you he may be required to charge VAT on the VRT but there is a work around. Apologies if my comment confused.


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