May
1
Co2.ie have a great post from Barry at www.currency.ie. He details everything you need to know about VRT in Ireland.
Although you will have to pay vehicle registration tax (VRT) on a car import, the real saving is made when importing a second hand model as you will be paying VRT on the OMSP (Open Market Selling Price) which will be greatly reduced. The OMSP is the price the vehicle is currently worth in at the time of import. The following is a guide for anyone interested in importing a car from the into . By following this guide you will make sure that:
You get a better exchange rate on your car purchase making your car import considerably cheaper
You make sure that you car is in good condition
You complete all of the necessary paperwork for the tax office in time.
You have all the information necessary to get your car on the road as soon as possible
- You minimize the VRT you pay by choosing a more CO2 efficient vehicle.
Check out the full post here.
Apr
22
Will cars registered between 1 January 2008 and 30 June 2008 be effected?
Filed Under FAQ | 2 Comments
Here is the official line from the Department of the environment.
All new cars registered from 1 July 2008 will have their motor tax rate based on the CO2 emissions level. The new CO2 based system will not apply to second-hand imports that were registered abroad prior to 2008. New cars registered between 1 January 2008 and 30 June 2008 will initially have their motor tax charged on the basis of the existing engine size (c.c.) system. However, a low CO2 emitting new car registered between 1 January 2008 and 30 June 2008 will have its motor tax switched to the lower CO2 based motor tax rate on first renewal of motor tax post 1 July 2008, when the new CO2 based system commences. New cars which are registered in the first 6 months of 2008 whose tax would be more under the new CO2 based system will continue to pay motor tax on the basis of engine size (c.c.).
Here are the current tax rates for each of the bands.
Co2 Emission Bands G Co2/KM Motor Tax A 0-120g €100 B 121 - 140g €150 C 141 - 155g €290 D 156 - 170g €430 E 171 - 190 g €600 F 191 - 225g €1,000 G 226g and over €2,000
Have a look at the cars section of this site to look at a specific car or if you want to see all cars in a particular band you can compare the full car list.
Apr
11
What is VRT?
Filed Under FAQ | Leave a Comment
Vehicle Registration Tax or VRT is a tax that must be paid on all vehicles imported into the Republic of Ireland. Here is the official definition:
Vehicle Registration Tax is chargeable on registration of a motor vehicle in the State. All motor vehicles in the State, other than those brought in temporarily by visitors, must be registered with the Revenue Commissioners. A vehicle must be registered before it can be licensed for road tax purposes.
source: revenue.ie
Until the budget of 2007, VRT was calculated on the engine size of a Vehicles engine using the following table:
Engine size VRT Rate up to 1400 CC 22.5% 1401 to 1900 CC 25% 1901 CC upwards 30%
Under a new scheme to be introduced in July of 2008 the rate of VRT will be determined by C02 emissions of the vehicle. The following table shows the new categories to be used:
New Bands from July 2007
C02 Emmissions Bands g Co2/KM VRT Rates A 0-120g 14% B 121 - 140g 16% C 141 - 155g 20% D 156 - 170g 24% E 171 - 190 g 28% F 191 - 225g 32% G 226g and over 36%