vrt

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car67

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how do you find out the vrt on different car models before you buy.
 
ive been doing a bit of research on suzuki grand vitara 1.9 ddis. on uk auto trader i can get an 07 with 25,000 mls for £9,000. a carzone search shows an 07 dl one with 35,000 mls for €15,000. now for the crazy bit, when i enter the details of the uk car into the vrt calculator it comes back with a vrt payable of €9,650 based on an omsp of €29,785. now if i can get the irish car for €15,000 how do they reach an omsp of nearly 30k
 
Simi provde omsp to revenue.

Changes every 3 or 4 months.

All cars are due a big drop soon seeing as dealers are finally starting to drop prices.

Hold out for a while.

Mind you the less the CO2 the less effect a drop will make.

Then again it all helps, I would be watching the swing of sterling more though.
 
should the VRT not be based on the pre-vat value of cars, since the VRT is applied to new cars before VAT, so the fact that the Govt are applying VRT on the OSMP, should the value that they base the VRT on not be reduced by the VAT that either would have been applied on the car.

If the above is not taken into account, then you could be paying more VRT on say a 6mt car that was originally applied on the car in Ireland if new.

Example Toyota Corolla Verso (1.6)
New Cost 29000
pre-vat price 23800
VRT (28%) 5152
Pre VRT price 18600

OSMP value of 2008 (Oct) car ranges from 18000-23000, giving VRT on a 6mt old of 5154-6500 in some cases more than the VRT that would have applied on a new Verso.

Surely teh OSMP need to recognise that VRT is applied on the pre-vat cost of the car, and deduction 10k from the SIMI valaution is only recognising the discount available to purchasers, and in todays climate even more discounts available.

Anyone ever use this in relation ot challenging VRT on an import ? or would it have any relevance?
 
Not sure what you're getting at with your example.

I though VRT was always applied on the VAT-inclusive price, so it's a tax on a tax?

The real issue is that the OMSPs are way off for 2nd hand cars.

With Sterling the way it is and the state of the UK car market I don't see how a cash buyer can lose by importing.

SSE
 
maybe I got it wrong, but for new cars is VRT applied on the pre vat price of a car or post vat price, and if pre vat then applying the VRT on the OSMV then is applying the VRT on the vat inclusive price, and in which case the OSMP should be reduced by the vat., otherwise as you state you are paying VRT on VAT for an imported car, but not the same where it is a new car.
 
VRT valuations can be appealed, and if you provide evidence to show a lower omsp, chances are you'll win.

The only thing is you have to pay the originally assessed VRT upfront, and the appeal will take months.
 
seantheman said:
you woulld certainly lose money by importing on the example i quoted earlier
Click to expand...

As I said, the major problem at the moment is that the OMSPs are way off reality, particularly if the online VRT calculator throws up anomolies.

As RS2K says, you can appeal. I appealed a Clio from an OMSP of €11750 to €8750 and got the overpaid VRT refunded. Took about 2 months in 2006.

SSE
 
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