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.
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