Im looking at buying a demo bike from up north, 6-7 months old, currently with approx 1600 miles on it.
I realise the low milage (<6000kms) means its liable for VAT, even tho its older tha 6 months (still classed as new vehicle).
The dealer is willing to sell it to me with the UK VAT deducted, as its a demo bike it has not already been paid.
So I then pay the VAT in the Rep. of Ireland.
My query is what figure is the VAT I pay calculated on?
Is it the price I pay up North (converted to € at an agreed/official rate), or is the price I pay up North(converted to € etc) + VRT?
If its the latter, the VAT would obviously be much higher.
Appreciate any help on this, as its hard to get clarity on the matter.
I realise the low milage (<6000kms) means its liable for VAT, even tho its older tha 6 months (still classed as new vehicle).
The dealer is willing to sell it to me with the UK VAT deducted, as its a demo bike it has not already been paid.
So I then pay the VAT in the Rep. of Ireland.
My query is what figure is the VAT I pay calculated on?
Is it the price I pay up North (converted to € at an agreed/official rate), or is the price I pay up North(converted to € etc) + VRT?
If its the latter, the VAT would obviously be much higher.
Appreciate any help on this, as its hard to get clarity on the matter.