How do they calculate VRT?

The VRT rate is calculated based on the Carbon Dioxide emissions plus the Nitrogen Oxide emissions. The CO2 component is calculated by mulitplying the applicable rate by the OMSP. The NOx levy is calculated separately and then added to the CO2 value to produce the VRT due.

What is a statistical code VRT calculator?

VRT Calculator A Statistical Code uniquely identifies a particular Make, Model, Version and Variant of a vehicle, with an individual OMSP determined by Revenue for that vehicle.

How do you calculate OMSP?

OMSP = Open Market Selling Price (as defined by Revenue) this is the market value placed a vehicle for the purposes of calculating VRT.

Is the VRT calculator accurate?

The VRT calculator will usually give a good estimate of the VRT due if registering a particular vehicle on that same day. However, this is an estimate only. Revenue only calculate the exact VRT due when a vehicle is presented for registration.

Can I avoid paying VRT?

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.

Is VRT illegal?

Criticisms. Critics of VRT claim that it is effectively a continuation of the excise duty (which was applicable to vehicles in Ireland prior to 1992) and as such is illegal under European union law.

How long can you drive without VRT?

You will pay additional VRT if you fail to register the vehicle within 30 days. This usually arises where evidence of the date of entry into the State is not produced.

Is it cheaper to import a car from UK?

The low value of Sterling against the Euro helped to make the importing of used cars from the UK to Ireland very affordable in recent years . However in 2021 , because of Brexit, it is no longer as cheap to import most cars into Ireland from the UK .

Is VRT in Ireland illegal?

Is VRT an illegal tax?

What happens if you don’t pay VRT?

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 delay in registering your vehicle or paying Vehicle Registration Tax you have to pay a penalty. Your vehicle could be also be seized.

Can I claim VRT back?

This scheme allows a vehicle owner to claim repayment of the ‘residual’ Vehicle Registration Tax (VRT) when exporting the vehicle. The owner is the person listed on the National Vehicle Driver File (NVDF) at the time the vehicle is examined.