One rate of VAT?
- Thread starter Shawady
- Start date
We actually have 4 rates (ignoring zero rating & other EU issues ) :-
0% , 5.2% 13.5% and 21.5%, the goods and services at each are covered in Revenue's Guide to Value Added Tax.
The so-called "luxury goods" and certain professional services traditionally attracted the higher rates. A lot of staple foodstuffs attract 0% . Historically the reason may have been to relieve the basics/essentials and tax the luxury items. However over the years this has muddied quite a bit.
There was a situation many years ago where electrical items such as fridges attracted what was then the higher 35% rate but televisions attracted the lower 23% rate. Someone obviously believed that a TV was more of an essential than a fridge.
0% , 5.2% 13.5% and 21.5%, the goods and services at each are covered in Revenue's Guide to Value Added Tax.
The so-called "luxury goods" and certain professional services traditionally attracted the higher rates. A lot of staple foodstuffs attract 0% . Historically the reason may have been to relieve the basics/essentials and tax the luxury items. However over the years this has muddied quite a bit.
There was a situation many years ago where electrical items such as fridges attracted what was then the higher 35% rate but televisions attracted the lower 23% rate. Someone obviously believed that a TV was more of an essential than a fridge.
B
bridan90
Guest
If you buy a sandwich and a cup of coffee to take away from a Mace Supermarket can they charge you 21% vat?
21.5% would not apply however depending on the way the sale is managed could be 0% or 13.5%. There are also rules on items supplied for an inclusive or meal deal price. The Revenue guide on this is here . Hot or cold can have a bearing on the rate of VAT chargeable. I do not see that a sandwich (hot or cold) and a coffee should be 21.5%. The most should be 13.5%.
A cold sandwich sold in a supermarket for take away would be 0%.
A coffee would be 13.5% ( as it is hot )
A cold sandwich and a coffee sold for an inclusive price would be 13.5% for the lot.
A cold sandwich and a milk would be both 0%
A hot breakfast roll and a tea would both be 13.5%
Ice cream sold as part of a meal in a restaurant would be 13.5% but sold to take away in a shop would be 21.5%.
A cold sandwich sold in a supermarket for take away would be 0%.
A coffee would be 13.5% ( as it is hot )
A cold sandwich and a coffee sold for an inclusive price would be 13.5% for the lot.
A cold sandwich and a milk would be both 0%
A hot breakfast roll and a tea would both be 13.5%
Ice cream sold as part of a meal in a restaurant would be 13.5% but sold to take away in a shop would be 21.5%.
Hi,
The rate of VAT on Agri Produce and Livestock is 4.8%. The rate of 5.2% is the flat rate addition payable to unregistered farmers to compensate them for the VAT that they do not recover VAT.
A Flat rate farmer who sells an animal for €100 will get an extra €5.20 VAT which he is not obliged to pay over to the Collector General. A registered Farmer gets paid €104.80, €4.80 of which he has to pay over to the Collector General.
The rate of VAT on Agri Produce and Livestock is 4.8%. The rate of 5.2% is the flat rate addition payable to unregistered farmers to compensate them for the VAT that they do not recover VAT.
A Flat rate farmer who sells an animal for €100 will get an extra €5.20 VAT which he is not obliged to pay over to the Collector General. A registered Farmer gets paid €104.80, €4.80 of which he has to pay over to the Collector General.