kane3000 said:Does anyone know if VRT rates will be adjusted in the budget this week?
Kane
Shrek31 said:I was on the revenue on line VRT calculator site earlier this week. VRT is not calculated on the price paid for the car, but on what is called the open market value. This is decided by the SIMI. One thing bothers me is that this price would already include VRT and VAT, so in effect VRT is being calculated at a value greatly in excess of what is should be.
Explanations very welcome, or letters to your local government TD for one might help.
Dipole said:SIMI is the representative body for the distributors and dealers. Yep.
I was on the phone to SIMI last week asking for an OMSP of a car and getting it too; they hold all the OMSPs, all the VRT statistical codes. If Revenue Commissioners have a query on a newly presented second-hand car they go to SIMI. Yes to the 1st part and no to the 2nd. They guess a figure.
When Bertie devised this scheme he had to get the co-operation of SIMI as VRT relies on them to supply the OMSP. With respect, what choice had they?
Without SIMI there would be no VRT. There would be no closed Irish market for new and secondhand cars. We would be able to go to UK or N. Ireland and get cars thousands of Euro cheaper. You still can even with VRT