How to Calculate Import Taxes into Ireland: A Step-by-Step Guide

Ireland, like many other countries, imposes import taxes on certain goods that are imported into the country. These taxes, also known as customs duties or tariffs, are designed to protect domestic industries and generate revenue for the government. If you’re importing goods into Ireland, it’s important to understand how import taxes are calculated so that you can accurately estimate the cost of your shipment. In this blog post, we’ll take a closer look at how to calculate import taxes into Ireland.

Step 1: Determine the HS Code for your goods

The first step in calculating import taxes into Ireland is to determine the HS Code for your goods. The Harmonised System (HS) is an international system used to classify goods for customs purposes. Each product is assigned a unique HS Code, which is a six-digit code that is used to determine the applicable tariff rate.

To find the HS Code for your goods, you can use TARIC by clicking here. Click on ‘Browse the Nomenclature’ and review the various chapter headings to see which code is appropriate for your products. If you are struggling to classify your goods you can always contact Beagans Limited who will be happy to assist you in getting an accurate classification of your goods.

Step 2: Determine the applicable tariff rate

Once you have determined the HS Code for your goods, you can use the Irish Revenue website to determine the applicable tariff rate. Ireland, like other countries, has a schedule of tariff rates that apply to different types of goods.

To find the applicable tariff rate for your goods, you will need to know the country of origin of the goods (i.e., the country where they were manufactured). The tariff rate will vary depending on the country of origin, the type of product, and other factors.

Step 3: Calculate the duty payable

Once you have determined the applicable tariff rate, you can calculate the duty payable on your goods. The duty payable is calculated as a percentage of the value of the goods, including the cost of shipping and insurance.

To calculate the duty payable, multiply the value of the goods (in the currency in which they were purchased) by the applicable tariff rate (expressed as a percentage). For example, if the value of your goods is €1,000 and the applicable tariff rate is 5%, the duty payable would be €50.

Step 4: Add VAT and any other charges

In addition to customs duties, you may also be required to pay Value Added Tax (VAT) on your imported goods. The VAT rate in Ireland is currently 23%, although there are certain goods and services that are exempt or subject to a reduced rate.

To calculate the VAT payable, add the value of the goods, the customs duty payable, and any other charges (such as handling fees or import fees) and then multiply by the VAT rate. For example, if the value of your goods is €1,000, the customs duty payable is €50, and there are no other charges, the total amount payable would be €1,276 (€1,000 + €50 duty + €226 VAT).

Step 5: Pay the import taxes

Once you have calculated the import taxes payable, you will need to pay them to the Irish Revenue. This is done by Beagans Limited by completing a Customs Declaration form and submitting it to the Revenue Commissioners.

It’s important to note that failure to pay the appropriate import taxes can result in penalties and delays in releasing your goods. It’s therefore essential to ensure that you have accurately calculated the import taxes and paid them on time.

Conclusion

Calculating import taxes into Ireland involves determining the HS Code for your goods, determining the applicable tariff rate, calculating the duty payable, adding VAT and any other charges, and then paying the import taxes to the Irish Revenue. While the process may seem daunting, there are many resources available to help you navigate the process and ensure that you have accurately calculated the import taxes and paid them on time.

It’s important to note that the import tax rates and rules are subject to change, so it’s crucial to stay updated with the latest information. Additionally, seeking the assistance of a customs broker or freight forwarder can help simplify the process and ensure that all requirements are met.

By following this guide, you can ensure a successful import process into Ireland and avoid any unnecessary complications. With accurate calculations and timely payments, you can navigate the import process with confidence and focus on growing your business.

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clearance@beagans.com

BREXIT: Effects on Trade One Year Later  

It has been over a year since the United Kingdom (UK) officially left the European Union (EU) on December 31, 2020. The impact of BREXIT on international trade has been significant, with changes in trade relations, tariffs, and regulations affecting businesses and industries across the globe. In this article, we will examine the effects of BREXIT on international trade one year after the official exit.

Trade Relations

The UK’s exit from the EU has affected trade relations between the two entities. After BREXIT, the UK became a third country for the EU, meaning that trade between the UK and the EU is now subject to customs procedures, tariffs, and other regulatory requirements. This has resulted in additional costs and delays for businesses involved in cross-border trade, with some companies relocating their operations to the EU to avoid these issues.

Tariffs

One of the most significant impacts of BREXIT on international trade has been the introduction of tariffs. If the UK and the EU do not reach a free trade agreement, the UK will be subject to the World Trade Organization (WTO) rules, which include tariffs on certain goods. This has resulted in increased costs for businesses, which has been felt across a range of industries, including agriculture, manufacturing, and automotive.

Regulatory Changes

BREXIT has also led to regulatory changes, with the UK no longer being subject to EU regulations. This has led to some divergence between the UK and the EU in terms of regulations, which has affected businesses involved in cross-border trade. For example, the UK’s decision to diverge from EU regulations on food safety has led to delays in the export of certain products, such as shellfish, from the UK to the EU.

Supply Chain Disruptions

Another impact of BREXIT on international trade has been supply chain disruptions. The introduction of customs procedures and other regulatory requirements has led to delays at borders and ports, which has affected the flow of goods between the UK and the EU. This has had a knock-on effect on businesses that rely on just-in-time delivery, with some companies stockpiling goods to avoid disruptions.

Conclusion

In conclusion, one year after the UK’s official exit from the EU, the impact of BREXIT on international trade has been significant. Changes in trade relations, tariffs, and regulations have affected businesses across a range of industries, resulting in increased costs, delays, and supply chain disruptions. As the UK and the EU continue to negotiate their future trade relationship, businesses must remain vigilant and adapt to the changing landscape of international trade. This may include reviewing supply chain processes, developing contingency plans, and engaging with customs agents to simplify their customs clearance processes.

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The Arab-Irish Certificate of Origin is a vital document for companies involved in trade between Ireland and the Arab world. It is a legal document that certifies the country of origin of the goods being exported from Ireland to the Arab world. In this blog post, we will provide a comprehensive guide to understanding the Arab-Irish Certificate of Origin, its importance, and the process of obtaining it.

What is the Arab-Irish Certificate of Origin?

The Arab-Irish Certificate of Origin is a document that certifies the origin of goods that are exported from Ireland to the Arab world. This certificate is an important legal document that provides evidence of the country of origin of the goods. It is required by customs authorities in the Arab world as a condition for allowing the entry of goods into their countries.

The Arab-Irish Certificate of Origin contains information such as the name and address of the exporter, the description of the goods, the country of origin, and the value of the goods. This information is critical in determining the tariff and taxes that need to be paid on the imported goods.

Why is the Arab-Irish Certificate of Origin Important?

The Arab-Irish Certificate of Origin is critical for companies involved in international trade as it facilitates the smooth movement of goods between countries. It is a legal document that provides evidence of the country of origin of the goods being exported, which is essential for complying with regulatory requirements and customs regulations.

The Arab-Irish Certificate of Origin also helps to protect the interests of both the exporter and importer. For the exporter, it ensures that their goods are not mislabeled as originating from another country, which could result in legal liabilities. For the importer, it provides assurance that the goods they are importing are of the quality and origin they expect.

Process of Obtaining the Arab-Irish Certificate of Origin

The process of obtaining the Arab-Irish Certificate of Origin involves several steps. Firstly, the exporter must provide all the necessary documentation to Beagans Limited, which includes the commercial invoice, packing list, and bill of lading.

Beagans Limited will then verify the information provided and issue the Arab-Irish Certificate of Origin. The certificate will then be signed and stamped by the Chamber of Commerce, indicating that the goods are of Irish origin and comply with all relevant regulations.

It is important to note that the Arab-Irish Certificate of Origin must be presented to the customs authorities in the Arab world when the goods arrive at their destination. Failure to provide this document can result in delays, fines, and even the seizure of goods.

Other Considerations

Beagans Limited is a trusted provider of Arab-Irish Certificates of Origin and
has been helping Irish exporters to navigate the complexities of international
trade for over 70 years. 

Contact us today to request your Arab-Irish Certificates of Origin.

All services provided by Beagans Limited can be found here!

Contact Details:

Email:

clearance@beagans.com

Vehicle Registration Tax (VRT): The Ultimate Guide

Vehicle Registration Tax (VRT) is a tax that applies to cars, motorbikes, and other vehicles imported into Ireland. The purpose of this tax is to help fund public services such as road maintenance and public transport. In this blog post, we will provide you with an overview of what VRT is, how it affects you, how to check the rate of VRT on a car, and how to pay it to the Irish Revenue.

What is Vehicle Registration Tax (VRT)?

VRT is a tax that is payable when a vehicle is first registered in Ireland. The tax is based on the Open Market Selling Price (OMSP) of the vehicle, which is the price that the vehicle would sell for on the open market. The VRT rate is calculated as a percentage of the OMSP, and the rate varies depending on the CO2 emissions of the vehicle.

How does VRT affect you?

If you are importing a vehicle into Ireland, you will be required to pay VRT before you can register the vehicle. The amount of VRT you will have to pay depends on the OMSP of the vehicle and the VRT rate. Failure to pay the VRT can result in penalties and the seizure of the vehicle.

How can you check the rate of VRT on a car?

The VRT rate for a vehicle is determined by its CO2 emissions. You can find the CO2 emissions of a vehicle on the Certificate of Conformity, which is issued by the manufacturer. The VRT rate can be calculated using the VRT calculator on the Revenue website (https://www.ros.ie/evrt-enquiry/vrtenquiry.html). You will need to enter the make and model of the vehicle, its engine size, fuel type, and CO2 emissions. The VRT calculator will then provide you with the estimated VRT that you will have to pay.

How do you pay VRT to the Irish Revenue?

To pay VRT, you will need to complete a VRT Declaration Form, which can be obtained from the NCTS (National Car Testing Service) or downloaded from the Revenue website (https://www.revenue.ie/en/importing-vehicles-duty-free-allowances-and-forms/forms/vrt-forms.aspx). The form requires you to provide information about the vehicle, its OMSP, and the VRT rate. Once you have completed the form, you can submit it to the NCTS along with the payment for the VRT. You will then receive a VRT receipt, which you will need to present when you register the vehicle.

Conclusion

Vehicle Registration Tax (VRT) is a tax that is payable when a vehicle is first registered in Ireland. The VRT rate is calculated based on the Open Market Selling Price (OMSP) of the vehicle, which is the price that the vehicle would sell for on the open market. The rate varies depending on the CO2 emissions of the vehicle. To pay VRT, you will need to complete a VRT Declaration Form, which can be obtained from the NCTS or downloaded from the Revenue website. You will also need to submit payment for the VRT, and once this is done, you will receive a VRT receipt, which you will need to present when you register the vehicle.

All services provided by Beagans Limited can be found here!

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Email:

clearance@beagans.com

BREXIT: Potential Implications on Trade

The decision of the United Kingdom (UK) to leave the European Union (EU) – commonly known as BREXIT – has the potential to impact trade between the UK and Ireland significantly. As Irelands leading customs agent, We have been monitoring the developments of the BREXIT negotiations and the potential implications on trade from the perspective of the customs clearance process. In this article, I will outline the potential implications of BREXIT on trade between the UK and Ireland.

Customs Clearance

One of the most significant implications of BREXIT on trade between the UK and Ireland is the requirement for customs clearance. Before BREXIT, goods could be freely moved between the UK and Ireland without the need for customs clearance. After BREXIT, customs clearance will be required for all goods moving between the two countries. This will result in additional paperwork, delays, and costs for businesses involved in cross-border trade.

Tariffs and Quotas

Another potential implication of BREXIT on trade between the UK and Ireland is the introduction of tariffs and quotas. If the UK and the EU do not reach a free trade agreement, the UK will be treated as a third country, and tariffs and quotas may apply to goods moving between the two countries. This could result in higher prices for consumers, supply chain disruptions, and a reduction in trade between the UK and Ireland.

Regulatory Differences

BREXIT also has the potential to impact trade between the UK and Ireland due to regulatory differences. After BREXIT, the UK will no longer be subject to EU regulations, which could result in regulatory divergence between the two countries. This could make it more challenging for businesses to trade between the UK and Ireland, particularly if there are significant regulatory differences in areas such as product safety, labeling, and standards.

Border Controls

The reintroduction of border controls is another potential implication of BREXIT on trade between the UK and Ireland. The introduction of border controls could lead to delays at the border and increase the cost of doing business for companies involved in cross-border trade. Border controls could also impact the movement of people between the UK and Ireland, particularly if there are changes to the Common Travel Area (CTA) agreement.

Conclusion

In conclusion, the potential implications of BREXIT on trade between the UK and Ireland are significant. Customs clearance, tariffs and quotas, regulatory differences, and border controls are all potential challenges that businesses involved in cross-border trade may face. As a customs agent, I advise businesses to prepare for the potential implications of BREXIT on trade between the UK and Ireland and to take steps to mitigate the risks associated with these changes. This could include reviewing supply chain processes, developing contingency plans, and engaging with customs agents to ensure a smooth transition post-BREXIT.

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The Northern Ireland Protocol: Explained

What is the Northern Ireland Protocol and how does it affect trade between the UK and the EU?

The Northern Ireland Protocol is a key part of the Brexit agreement negotiated between the UK and the EU in 2019. It was created to avoid a hard border between Northern Ireland (which is part of the UK) and the Republic of Ireland (which is a member of the EU), as this would have gone against the terms of the Good Friday Agreement which ended the conflict in Northern Ireland.

Under the Northern Ireland Protocol, Northern Ireland remains part of the UK’s customs territory, but it also follows some of the EU’s rules and regulations to ensure that trade between Northern Ireland and the Republic of Ireland can continue smoothly. This means that goods entering Northern Ireland from Great Britain (England, Scotland, and Wales) are subject to some checks and controls to ensure that they comply with EU regulations.

Some of the key provisions of the Northern Ireland Protocol include:

– Northern Ireland remains part of the UK’s customs territory, but is also subject to some EU customs rules.

– Goods moving from Great Britain to Northern Ireland are subject to checks and controls at the point of entry into Northern Ireland, to ensure that they meet EU standards.

– Some goods are subject to additional checks and controls, depending on their type and destination. For example, food products moving from Great Britain to Northern Ireland are subject to additional checks and controls to ensure that they meet EU standards.

– Northern Ireland is part of the EU’s VAT area, which means that VAT is charged on goods moving from Great Britain to Northern Ireland.

Overall, the Northern Ireland Protocol is intended to ensure that trade between Northern Ireland and the Republic of Ireland can continue smoothly, while also avoiding the need for a hard border between Northern Ireland and the Republic of Ireland. However, the implementation of the protocol has been controversial, with some businesses and politicians in Northern Ireland arguing that it has created additional bureaucracy and costs.

One of the main issues with the Northern Ireland Protocol has been the impact on trade between Northern Ireland and Great Britain. Some businesses have reported increased costs and delays as a result of the additional checks and controls on goods moving from Great Britain to Northern Ireland. This has led to calls for changes to the protocol or even for its removal altogether.

Another issue has been the impact on the political situation in Northern Ireland. Some unionist politicians in Northern Ireland have criticized the protocol, arguing that it undermines Northern Ireland’s status as part of the UK. There have also been concerns that the protocol could create new tensions between unionist and nationalist communities in Northern Ireland.

Despite these concerns, the UK and the EU have committed to finding ways to implement the protocol in a way that minimizes disruption and supports trade between Northern Ireland and both Great Britain and the Republic of Ireland. This could involve changes to the way the protocol is implemented, or the negotiation of additional agreements to address specific issues.

In conclusion, the Northern Ireland Protocol is a key part of the Brexit agreement that is intended to ensure that trade between Northern Ireland and the Republic of Ireland can continue smoothly, while also avoiding the need for a hard border. While the implementation of the protocol has been controversial, both the UK and the EU are committed to finding ways to make it work for all parties involved.

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