Irish company buying vehicle in UK

[sinbadsailor]

What are the VAT and VRT implications/responsibilities of an Irish limited company importing a vehicle bought in the UK?

A seconf hand vehicle will suit better budget wise to avoid the need for fixed term leasing.

Is there any advantages to the above?

 

[capall]

Theres no tax advantage if thats what you mean

 

[sinbadsailor]

Basically yes, is the purchase treated differently as a company rather than an individual. VRT rate changes/exemptions, any vat right-off etc.
Looking at importing for the same reasons private buyers do for spec levels and just wanted to make sure I was availing of any options to a limited company in this regard?

 

[ButtermilkJa]

That's an interesting one. Considering many UK business do not charge VAT to Irish businesses on receipt of a valid VAT Reg No., I wonder if garages would do the same?

As for VRT, if it has been charged in the UK already (it would have been if you are looking at a second hand car) then it is illegal for the Irish Govt. to charge it again on importing here. Now, trying to get away with this will be a lengthy and very expensive court case. But the first person brave enough to do it will be a legend

 

[agadele]

For VRT, if its a two seater type vehicle i.e. van you pay 50 quid

 

[ang1170]

As for VRT, if it has been charged in the UK already (it would have been if you are looking at a second hand car) then it is illegal for the Irish Govt. to charge it again on importing here.

Doesn't apply I'm afraid: there is no VRT in the UK.

 

[ButtermilkJa]

Oh right, I didn't know that. Although as pointed out above, the VRT for commercial vehicles is only €50 so this would be fine in the OP's case.