Business Tools

What are the current VAT rates?:

Exempt: Details are set out in the First Schedule to the Principal Act. Those carrying on exempted activities cannot, with some minor exceptions, register for VAT.

Zero Rate Details of goods and services taxable at this rate are set out in the Second Schedule to the Principal Act.

4.80% rate This rate applies to livestock which includes live cattle, sheep, pigs, goats, deer, horses and greyhounds.

5.20% rate Farmers Flat Rate increased to 5.2% on 1 January 2007 (from 4.8%).

10% rate Details of goods and services taxable at this rate are set out in the Third Schedule to the Principal Act.

13.5% rate Details of goods and services taxable at this rate are set out in the Sixth and Eight Schedules to the Principal Act.

23.0% rate All goods and services which do not fall into the categories mentioned above are liable to VAT at this rate.