How do I enter VRT?
From Catalyst
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
 | Units: Unit is a general term used to cover all types of vehicle and machinery, including items such as motorcycles, scooters, cars, trucks, vans, caravans, motorhomes, boats, tractors, ATVs, agricultural equipment, wholegoods and construction equipment. |
- 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
