Difference between revisions of "How do I enter VRT?"

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Revision as of 10:47, 12 August 2011

Summary

  • VRT - Vehicle Registration Tax is applicable in Eire only. It is the equivalent of the UK first registration fee, but is considerably more punitive.
  • It applies to new and imported vehicles.
  • It is calculated on a formula that is currently as follows : 2 Euro per cc up to 350cc and then 1 Euro per cc above this. This means that 'Harley-Davidson 1540cc' engined models come out at 1890 Euros.
  • There is no V.A.T. payable on these items.

More Information

  • For a franchised motorcycle dealer, create part numbers for the standard engine sizes for the manufacturer or manufacturers for which they are franchised.
  • Use a part number laid out in the form "VRT<value>" for the different engine sizes.
  • Put the cc to which this relates in the description of the stock item along with "Vehicle Registration Tax".
  • Fill in the Retail and Cost prices with the same figure.
  • This should go into the Vehicle Sales Items stock group. This will automatically flag it as an On the Road item and as a Financial item for the Vehicle Sales orders and invoices.
  • Set the Sales Centre and the V.A.T. Rate on the item itself.

See also


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Keywords AND Misspellings
vrt, registration, eire, ireland, vehicle sales orders, invoices