VAT IRELAND GUIDE

 

Value Added Tax Rates

23% (standard rate)This applies to all goods and services that are not exempt or liable at the zero or reduced rates
13.5% (reduced rate)This applies to certain fuels,
buildings and building services, certain newspapers
etc.
9%New jobs initiative rate from 1st July 2011 mainly related to tourism activities. .
0%These include exports, certain food and drink, oral medicine, certain books etc.
4.8%This applies to livestock, live greyhounds and the hire of horses.
4.8%Farmer’s VAT flat rate addition (from 1st Jan 2007).
ExemptThese include financial, medical
and educational activities.
Extensive
Listing Good & Services VAT Rates
VAT Registration
Limits
Supply of goods€75,000
Supply of services€37,500
VAT Cash Accounting
The annual VAT cash accounting threshold for businesses was increased from €1,000,000 to €1,250,000 with effect from 1 May 2013.
Tax Due
19th day of the month after the VAT period
When is VAT not deductible ?
No deduction is allowed in respect of tax paid on expenditure
on the following:(a) The provision of food, drink, accommodation or other
personal services supplied to the taxable person, his
agent, or his employees.

(b) Entertainment expenses incurred by the taxable person,
his agent or his employees.

(c) The acquisitions, hiring or leasing of motor vehicles
other than as stock in trade or for the purposes of a
business which consists in whole or part of the hiring
of motor vehicles or for use in a driving school business
for giving instruction.

(d) The purchase of petrol otherwise than as stock in
trade.

(e) Expenditure incurred on food, drink, accommodation
or other entertainment services as part of an advertising
service is not deductible in the hands of the person providing
that advertising service.

(f) Any VAT incurred by a taxable person in a transaction
where the margin or auction schemes apply.

Disclaimer: Whilst every effort has been made to ensure the accuracy and reliability of the information published within this website, you choose to use this information and rely on any results at your own risk. We will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make from the use of, or reliance on this information.