| VAT |  |
|
Vat Registration Thresholds
€37,500 if you provide a service €75,000 if you provide goods Rates 23% Standard Rate - Most goods & services 13.5% Reduced Rate - non luxury (Electricity) 4.8% Livestock Rate - Sale of livestock 0% Zero Rate - Childrens clothes etc.. (entitled to claim Vat on purchases) 0% Exempt Rate - Education etc.. (not entitled to claim Vat on purchases) Basis Accruals Basis - Vat to be paid in next return after your invoice has been issued Cash Receipts Basis - Vat to be paid when payment has been received from your customer - (certain conditions apply) |
