VRT Question / Advice

[Kace]

All, keen to get your views on something re VRT. I'm in the market for a new ride at the moment from the UK and wondering whether there is any point in buying something now versus waiting 3 months until we enter 2013.

My thinking is that the VRT I would pay on a car now would reduce significantly once we enter our new year, so for the sake of a few months I should hold off.

For example I am seeing about a €1k difference in VRT for the Audi I'm looking at every time you move back from 2011 to 2010 to 2009. So waiting a month could potentially save me a grand is what I'm thinking. I have done lots of sample VRT calcs on the revenue website and there seems to be no difference between a car registered on Jan 2010 vs Dec 2010, so it appears the big change happens when the new year kicks in.

Any experience or views out there?

[colm_mcm]

I think it changes every quarter

[Myfeckin FTO]

I don't think VRT will fall once the clocks ticks over into 2013. I've seen VRT rise as well as fall on certain (freq imported) models. Better waiting for the right car to come along and snap it up - if it then has to sit in your backyard for a couple of months until the ROS get around to reducing the OMSP then that might make more sense.

[Kace]

Yeah - you're probably right. Euro/GBP exchange rate is crucifying at the moment though and doesn't seem poised to improve much in the coming months.

[optical illusion]

I don't think VRT will fall once the clocks ticks over into 2013. I've seen VRT rise as well as fall on certain (freq imported) models. Better waiting for the right car to come along and snap it up - if it then has to sit in your backyard for a couple of months until the ROS get around to reducing the OMSP then that might make more sense.

This.

Considering the VRT office make up figures off the top of their heads and they can change every time you log on...

[Kace]

Seems like it's a LOT more complicated to Register an imported car in Ireland now :

http://www.revenue.ie/en/tax/vrt/faqs-vrt.html

Photo ID
Proof of PPS
Purchase Invoice
Proof of imported date

All this must be complete within 30 days or else additional payment to Revenue is required. So much for the idea of bringing the car in and waiting for VRT rates to drop !!