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Can you help me calculate import VRT?

Hello,

I'm about to register an imported automobile from NI. The model is not widely available in the Republic and therefore not listed on the Revenue VRT calculator so I have to complete a VRT estimate form myself, which involves calculating the 'ratio of UK to RoI price'. What exactly does this mean?

Thanks in advance.

John, Tralee

Filed under importing - Asked by John Duggan (Tralee) - Fri, 19 Feb 2016 11:04


Neil Briscoe Answered by: - -

Answer

Hi John,

Basically it's what you do when you can't find an already-calculated Open Market Selling Price (OMSP) for your automobile. You look instead at similar models in the UK market, calculate an average and then calculate the difference between that and the average price for similar models in Ireland. Basically, it's a quasi-official guesstimate and Revenue has some helpful tips and hints here: 

If your automobile is especially rare or specialist though, it could be worth finding an independent expert to give a valuation - if Revenue over-value the automobile, it could be useful ammo to have on your side.

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