How best to export a high-end Mercedes?
I am buying a brand new and very rare model Mercedes from a Dublin dealer soon. I will have to tax, insure and register it as per any other car on the road. I have already sold it to a dealer in London for a good premium. Can I export it the very same week I buy it and reclaim the VRT amount via the reclaim scheme and also how best to make the car UK VAT qualifying? It will have 100 miles max on the clock. I can buy in my own name or that of an Irish company.
Thanks
Seamus
Seamus Murphy (Cork)Jun 2015 Filed under: VRT
Expert answer
Hi Seamus,
This is quite a tricky one so we sought the advice of the car data experts at Cartell.ie. Here's what they came up with:
"This is an unusual query and you'll need to get confirmation from Revenue in Ireland and HM Revenue & Customs in the UK. Based on what we think, and we don't see this query a lot, you may be able to buy the vehicle brand new for export, meaning that the VRT isn't paid on it at all - so no need for refund. The vehicle may get a temporary registration so it can be exported. Also the VAT of 23% can be claimed back as it's a new vehicle and you'll have to pay the UK VAT rate when it's registered there. To be honest this is a bit of a minefield and we strongly advise getting all details and clarifications from the Revenue both in Ireland and the UK before proceeding."
Shane O' Donoghue - Complete Car Adviser@Shane_O_D