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Calculations??

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  • 20-04-2008 11:18am
    #1
    vectra
    Registered Users Posts: 15,556 ✭✭✭✭


    How do you calculate the price of a car minus VRT & VAT ?
    Take for example this one.!

    New Mazda6 Hatchback
    2.0 D 138 bhp Executive SE
    Price now 33,595
    :confused:


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    #2
    2 Espressi
    Registered Users Posts: 1,043 ✭✭✭2 Espressi


    Can't find that exact spec on ros.ie, but the 136BHP TDI Sport is VRT'd at 30%
    DATE OF FIRST REGISTRATION(MM/YY): APRIL 2008
    OPEN MARKET SELLING PRICE:
    (applicable on enquiry date) €30802
    RATE OF TAX: 30.0%
    VEHICLE REGISTRATION TAX:
    (payable on enquiry date) €9240
    VAT is 21%, so I suppose if the 33595 is 100%+30%+21, then the base price is €22248?

    Just out of curiosity, why?


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    #3
    vectra
    Registered Users Posts: 15,556 ✭✭✭✭vectra


    2 Espressi wrote: »
    Can't find that exact spec on ros.ie, but the 136BHP TDI Sport is VRT'd at 30%

    VAT is 21%, so I suppose if the 33595 is 100%+30%+21, then the base price is €22248?

    Just out of curiosity, why?

    Hmm,
    Reason i ask is a buddy of mine may be getting a primary medical certificate shortly and is wondering what is the best car he could go to as he could buy them minus VRT & VAT as far as I know.
    He asked me to find out how to calculate the final price he would be paying. He is also wondering shoud he go driver or passenger when applying?


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    #4
    Seth Brundle
    Moderators, Politics Moderators Posts: 39,760 Mod ✭✭✭✭Seth Brundle


    VRT is 30% of the OMSP (which includes the VRT) not 30% of the post VAT price.
    Therefore:
    Car incl. VRT = 33,595
    excl VRT = 30% of 33,595 = 23,516.5 (VRT= 10,078.5)
    excl VAT = 18,578.035 (VAT = 4938.465)


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    #5
    ART6
    Registered Users Posts: 2,632 ✭✭✭ART6


    kbannon wrote: »
    VRT is 30% of the OMSP (which includes the VRT) not 30% of the post VAT price.
    Therefore:
    Car incl. VRT = 33,595
    excl VRT = 30% of 33,595 = 23,516.5 (VRT= 10,078.5)
    excl VAT = 18,578.035 (VAT = 4938.465)

    Ia that right? My understanding is that VAT is charged on VRT (a tax on a tax). Therefore the total tax on the vehicle would be 30% x 1.21, or 36.3% tax in total. 36.3% of €33,595 is €12,194, so the vehicle without VRT and VAT would be €21,400 not €18,578? The whole business has always confused me, as no doubt it is intended to:(


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    #6
    Seth Brundle
    Moderators, Politics Moderators Posts: 39,760 Mod ✭✭✭✭Seth Brundle


    VRT is charged on the open market selling price which includes VAT and the also VRT itself.


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    #7
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    You could take a UK new car price and deduct the 17.5% VAT to get the nett price without any VAT / VRT here.


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    #8
    -Chris-
    Closed Accounts Posts: 12,035 ✭✭✭✭-Chris-


    jimmycrackcorm wrote: »
    You could take a UK new car price and deduct the 17.5% VAT to get the nett price without any VAT / VRT here.

    Pre-tax prices are often different from country to country, so use this as a guideline only.
    vectra wrote: »
    Hmm,
    Reason i ask is a buddy of mine may be getting a primary medical certificate shortly and is wondering what is the best car he could go to as he could buy them minus VRT & VAT as far as I know.
    He asked me to find out how to calculate the final price he would be paying. He is also wondering shoud he go driver or passenger when applying?

    Why not contact a dealer and ask for their help? If someone came to me with your query about an Audi, I'd have no problem helping them with these calculations.


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    #9
    vectra
    Registered Users Posts: 15,556 ✭✭✭✭vectra


    kbannon wrote: »
    VRT is 30% of the OMSP (which includes the VRT) not 30% of the post VAT price.
    Therefore:
    Car incl. VRT = 33,595
    excl VRT = 30% of 33,595 = 23,516.5 (VRT= 10,078.5)
    excl VAT = 18,578.035 (VAT = 4938.465)

    Thanks

    @ Audiochris

    No Point in going annoying dealers yet as he is in the deciding stage of what to buy
    Then I assume he could go and talk to dealers. ;)


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