Important Update for Motorists Regarding PCP Scheme

Irish Wheelchair Association (IWA) has been informed by the Revenue Commissioners that the purchase of vehicles under the PCP scheme is no longer considered as an acceptable manner to purchase a vehicle under the VRT/VAT relief scheme.

IWA is aware that in the past many people have purchased vehicles previously by PCP and availed of the full concessions that are associated with the VRT/VAT relief scheme.

Please circulate, this important change to the PCP scheme to any motorist you know who may be in the process of or considering purchasing a car under the VRT/VAT relief scheme of this very significant change in policy.

IWA will continue to keep our members updated on this matter and will communicate further updates on this issue in January 2018.

Should anybody have any specific queries on this matter, please contact the Revenue Commissioners in Monaghan on 1890 606061.

See below further information from Revenue Commissioners

Finance Agreements:

It is the opinion of the Revenue Commissioners agreements with final balloon payments, which are not nominal amounts are considered leasing products (PCP).

A standard HP Agreement is one where the final purchase fee is a nominal amount. This opinion is supported by a recent decision by the European Court of Justice (ECJ) on 4th October 2017 in the case of HMRC v Mercedes-Benz Financial Services UK Ltd.

In conclusion,

  1. the ownership of the vehicles concerned remains with XXX until the final payment option is exercised, they have not borne or paid VAT, VRT or residual VRT on this vehicle until the final payment option has been exercised.
  2. the agreements put in place between XXX and XXX are not regarded as standard HP agreements but are regarded as a form of lease agreement which is not allowed under the Drivers and Passengers with Disabilities scheme.

Notice to IWA Staff members

In conjunction with a major update to the IWA public website, we will soon be changing the way you log into the Staff Intranet, email and People Planner.

Shortly, you will no longer be able to access these facilities using the IWA website, instead you must use

As always you can contact IT through email,, if you have any queries.