Vehicle Registration Tax (VRT) is a tax you must pay when you first register your vehicle in Ireland. If you have imported a vehicle, you must pay VRT and get the vehicle’s registration certificate showing that you have paid VRT. 

 

If you halt in registering your vehicle or paying Vehicle Registration Tax you have to pay a penalty. Your vehicle can also be confiscated. The payment of VRT can be effortlessly done with the assistance of a reliable VRT calculator.

 

Following are certain important factors related to VRT:

 

Registration and further procedures 

 

You must register the car and pay the VRT at a National Car Testing Service (NCTS) center. The inspector evaluates your car to make sure that you are spending the correct VRT. 

 

In the case of cars and small vans, the amount of VRT payable is based on a proportion of the recommended retail price, which includes all taxes. This price is known as the Open Market Selling Price (OMSP). 

 

Relief and Exemptions 

 

There are different reliefs and exemptions from VRT. Even if you do not have to pay VRT, you must still register your vehicle when you come to Ireland. You can find information on VRT reliefs and exemptions, and VRT reduction for certain electrical vehicles for certain electric vehicles, on Revenue’s website.

 

In case of Transferring 

 

If you are moving to live in Ireland, when you apply for a VRT exemption, you must meet specific regulations as concerns your vehicle and your residency both in Ireland and abroad. You can find information about when to apply for exemption, the evidence you need, and the application forms on the concerned site.

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Temporary Exemptions 

 

 In certain cases, foreign-registered vehicles may be imported into Ireland temporarily by a non-resident without the requirement to pay VRT or register the vehicle. 

 

If you are moving to Ireland and are among those exempt from paying VRT you cannot sell your vehicle for more than 12 months after the vehicle is registered. If you are required to pay VRT, then you can sell your vehicle in Ireland when you wish, once it has been registered.

 

Export repayment scheme

 

If you are perpetually removing or exporting a car from Ireland, you may be able to claim a reimbursement of the VRT that had been spent formerly. 

 

Open Market Selling Price 

 

Vehicle Registration Tax (VRT) is based on the Open Market Selling Price (OMSP) of the vehicle. The OMSP depends on the market value, engine size, year, model, and roadworthiness condition of the vehicle.

 

After the vehicle has been inspected the rate of VRT is calculated by Revenue. The VRT is collected by the NCTS on behalf of Revenue. You can pay by bank draft based on your convenience one either a debit card or credit card. 

 

If you are using a debit card to pay, the transaction is limited to a certain amount. If the VRT payment exceeds this amount, you can pay the balance by bank draft.

 

VRT for specific cars 

 

VRT for cars (Category A) is based on the level of carbon dioxide (CO2) emissions from the car and, since 1 January 2020, the car’s nitrogen oxide (NOx)

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Authorized trades and processes 

 

You must be authorized if you wish to hold unregistered vehicles. Being authorized also allows a trader to avail of other benefits such as pre-inspection by the National Car Testing Service.

 

Hope this article has given a brief view of VRT and its calculation procedures.