Vehicle Registration Tax or VRT is a tax that must be paid in Ireland when registering a motor vehicle.
The tax is paid to the Revenue in two ways:
• VRT is included in the retail price of a new motor vehicle purchased from a dealership
• The tax is paid by the owner of a motor vehicle imported from abroad upon applying for registration (subject to exemptions, below). The vehicle must be presented at a Revenue Vehicle Registration Office (VRO) no later than one day after arrival into Ireland.
VRT is calculated as a percentage of the Open Market Selling Price (OMSP) of the vehicle. The OMSP is the "expected retail price" and includes all taxes (Including VAT) previously paid in the state.
|Vehicle||Engine size||Cost of VRT|
|Cars||up to 1400 cc||22.5% of OMSP, (subject to a min. tax of €315)|
|Cars||1401cc-1900cc||25% of OMSP (subject to a min. tax of €315)|
|Cars||over 1900cc||30% of OMSP (subject to a min. tax of €315)|
|Small vans and some SUVs||N/A||13.3% of OMSP (subject to a min tax of €125)|
|Motorcycles||N/A||€2 per 350cc and €1 per cc thereafter|
|Hybrid electric vehicles||as per cars||50% of VRT payable may be rebated in respect of some hybrid vehicles|
|Other vehicles||N/A||A flat rate of €50 for tractors, large vans, lorries, etc.|
NEW-CAR sales plunged in the first two weeks of this month, while critical revenue generated through Vehicle Registration Tax (VRT) has slumped by a staggering 85pc, new figures reveal.
Feb 20, 2009; Scrappage plea as car sales nosedive NEW-CAR sales plunged in the first two weeks of this month, while critical revenue generated...