How do I enter VRT?

Summary

• VRT - Unit 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 units.
• 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 "Unit Registration Tax".
• Fill in the Retail and Cost prices with the same figure.
• This should go into the Unit Sales Items stock group. This will automatically flag it as an On the Road item and as a Financial item for the Unit Sales orders and invoices.
• Set the Sales Centre and the V.A.T. Rate on the item itself.

See also

• Selling a unit
• How do I put RFL and First Reg Fee onto my order?

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Keywords AND Misspellings

vrt, registration, eire, ireland, vehicle sales orders, invoices