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And the winner of dreamer of the year is...
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Sorry I meant that it made ye mans look quite good value actually.. I read somwhere the VRT is mad on these too.
But that aside... I am with you! I would park it next to my RS1800 in my "Lotto win" garage!!
here is some interesting news on vrt'ing a escort cosworth. an article from the rsownersclub forum
Quote:
The Irish Times - Wednesday, April 27, 2011
PADDY COMYN
How much VRT on an imported shell?
From DS: I rang Monaghan’s VRT office back in September 2010 to find out how to go about registering a 1992 Ford Escort Cosworth shell as it was from the UK. At the time they gave me a VRT figure of €5,900 but said it may be less as they were valuing the VRT on a complete, running 1992 RS Cosworth. I was happy with that and was told I could continue with the rebuild and this would all be worked out when the car was completed.
I was later told by another VRT office that what I was told in September 2010 was wrong – I would have to go an NCT centre for them to assess it and calculate the VRT price.
But the NCT centre can’t work out the VRT for it as they say it is not a fully complete, running car. After a lot of calls to various departments, I then get told that because the “car”, is in the country more than seven days I would be fined as I’m breaking the law.
Finally, someone in Revenue told me that it has to be fully rebuilt for it to be VRT’d at an NCT centre, as they will only VRT it when it is a fully complete, running car. I explain the whole shell saga to him to be told that the last good condition Cosworth he looked at for VRT he valued at €25,000 giving a VRT rate of €9,000. I’m then told that as mine is being rebuilt to such a high standard and will be better than its original intended build form, and that it is a one-off, it will be valued at the highest rate as a concourse car of €40,000-plus, meaning the VRT on it would be anything from €15,000.
Do you have any idea if the information I’ve received so far is correct?
We contacted Revenue on your behalf and they came back to us first with an apology for you, which we believe you’ve received for the confusion, but also with the following information.
“To be registered, a vehicle must satisfy the definition of ‘mechanically propelled vehicle’. One of the prerequisites of that definition is that it is capable of achieving vehicle propulsion at the time of registration to the satisfaction of the Revenue Commissioners’. Therefore, the Cosworth shell was not a “mechanically-propelled vehicle” and couldn’t be registered, and the NCTS would, correctly, refuse to register it.
“We no longer provide a speculative valuation service to those intending to register vehicle, ie, someone can’t value a vehicle accurately based on a phone call or cursory information relating to the vehicle.
“Instead, where we do not have a valuation on our website, we have published on our website the methodology used by Revenue. Additionally, in order to help an individual who may have an esoteric vehicle for registration, we have provided a form to guide them in the self-estimate.
“The main things that determine the valuation of a vehicle are: its open market selling price (OMSP), and that depends very much on the characteristics of the vehicle, make, model, version and variant and what it might fetch on sale in the State; the level of CO2 emissions; its condition, and in this, a badly-restored vehicle, it will have a lower OMSP than a well-restored one and will have a lower VRT charge; and finally its mileage.
“The engine size does not impact on the VRT charge unless it has lower emissions (and we determine the VRT on the emissions at the time of manufacture, not the later modification of the vehicle) and it is likely, in this particular case – unless we have satisfactory documentary evidence of the CO2 of the vehicle at manufacture – it will be charged at 36 per cent of the OMSP.
“When the vehicle is completed or when it satisfies the definition of a ‘mechanically-propelled vehicle’ and is presented for registration, Revenue valuation officers will have to determine the value.
“Because of this, the vehicle won’t be registered on the first visit and it will necessitate a second visit to the NCTS to pay the VRT charge that will be determined after the vehicle has been valued by Revenue’s valuation officers. Your reader will then be able to complete the registration of the vehicle.”
And here is what I have been told from the head of Revenue:
Speaking myself to the Head of VRT here in Ireland a few weeks back, firstly he apologise for the whole mess and the near months worth of calls to and from every department imaginable, still waiting on the written letter of apology, won't be seeing that me thinks
He went on to tell me that above mentioned information with regards to bringing in a shell was incorrect and that the bringing in of a shell was stopped in 1993. In 1993 a new VRT rule was brought in were all cars now to have VRT paid on them have to be mechanically propelled, meaning you cannot VRT just a shell or a full build car that is not mechanically propelled.
With regards to VRT OMSP (open market selling price) valuations, he gave me two current valuations for a Ford Escort Cosworth, one at £22,000 sterling and the other at £27,000 sterling. So based on them figures you’re looking at a VRT rate of €9000 - €11,000 but when my car is complete I could be looking at paying up to €15,000+.
As you can imagine I asked why he was using “UK sterling” values as VRT rates can only be worked out using the Irish OMSP, not only this but going by the two mentioned figures Revenue are currently using they must be looking for dearest cars they can find.
With regards to the highest rate of VRT I could be looking at €15,000+ as my car would fall under the category of a concourse car of €40,000plus. Now where this has come from I don't know, just have to look at two cars for sale here in Ireland that condition wise I would class at the high end of the scale:
€18,000 - http://cars.donedeal.ie/for-sale/cars/1982106
€17,995 - http://www.buyacar.ie/car-200
Also the reason for the high value I was given for mine is that, and this coming from the guy in Revenue that values these types of car, and I quote; "cars are the new investment scheme here in Ireland, that's the reason for the high valuation".
Now I rang a few Ford dealerships here looking the for OMSP and the valuations I have gotten from them is that you can buy a very good condition to concours standard Cosworth for €10,000 - €18,000. When I told them what sort of nonsense I've been told you can image the response I got.
So there you have it guys, I was more than happy to originally pay €5,900 on the shell only to be told it now couldn't be done. Now the "nice" people in Revenue want me to pay anything from €10,000 - €15,000+ VRT on a car that's being built here in Ireland using parts sourced here, be they new parts that I have already paid tax on or second hand parts that cannot have tax applied to them, even though I might be able to appeal the VRT rate with the Revenue, if I win the appeal I would only get back 10% - 20% of the VRT rate. Absolute joke if you ask me and it's clear the figures I'm getting back from VRT are been "pulled out of the air".
Don't get me wrong, I'm more than willing to pay VRT, I'm not looking for a way out of it but I'm sure as hell not going to pay an extortionate rate of €10,000 - €15,000+, sure I can buy a excellent condition fully running Cosworth for that!
You have to wonder, with ****e like this going on how the hell is the country broke?0 -
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Easy really - there's already a thread alllllll about it, where the guy in question with the shell is also postinghow is it not the place to discuss it ???
http://www.boards.ie/vbulletin/showthread.php?t=20562661840 -
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The Revenue should be awarded dreamer of the yearya i know ive already read the thread. im showing you the going prices of escort cosworths and only highlighting the article to show what the revenue are valueing cosworths at.
and maybe this one too, for the guys here thinking €18k for a cossie is a bit much, how's this one for you:
http://www.carsforsaleireland.ie/used-cars/detail/1995-Ford-Escort-Cork-Used+Car-Petrol-Manual-179182/
€50k + €18k VRT :eek:0 -
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Brave Dumb parking of the year? Wouldn't ya love if the driver fell straight in when getting out to take the pic?
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Why would you sell the wheels of a 2011 Passat???
Look at the price... http://cars.donedeal.ie/for-sale/carextras/2135609
Felt it early lad.
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Ok, its probably on the lower end of the scale, but anyways.
No tax, no NCT ... in the seller's own words "an unfortunate shade of purple" - €1000
http://www.adverts.ie/car/fiesta/fiesta/ford-fiesta-for-sale/6113950 -
The Revenue should be awarded dreamer of the year and maybe this one too, for the guys here thinking €18k for a cossie is a bit much, how's this one for you:
http://www.carsforsaleireland.ie/used-cars/detail/1995-Ford-Escort-Cork-Used+Car-Petrol-Manual-179182/
€50k + €18k VRT :eek:
That's a rally car, the ad says it, and the stout roll cage gives it away. For a proper Group A Escort, that's not bad....0 -
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I actually thought it was a cupra...until I saw the picture of the engine bay!
What a joker at that price.0
![ig]](http://photos.donedeal.ie/photos/Full?id=6507126[/ig])
This discussion has been closed.
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