What are VAT rates?

Updated on February 8, 2022

Zero rate of VAT

Certain products and services are exempt from paying Value-Added Tax (VAT).

exports

Providing goods to VAT-registered individuals within and outside of the European Union

Certain types of food and beverages

medication that is taken by mouth

certain tomes and pamphlets

Animal feed, fertiliser, seeds and plants needed to grow food are all examples of these.

appropriate children’s clothing and footwear for ages 0-11

Supplying VAT-registered persons permitted by Revenue under the zero-rating scheme for enterprises.

Overview

Currently, goods and services are subject to varying rates of Value-Added Tax (VAT).

Here, you’ll learn about:

rate of interest
decreased inclination
the second discount
The rate is 0 percent.
rate of livestock

Standard rate of VAT

The regular rate of VAT applies to the vast majority of goods and services. Although some goods and services are exempt from VAT or are taxed at lower rates, there are some exceptions.

Products and services that are included in the standard rate are as follows: –

The legal profession encompasses everything from furniture to batteries to tyres.

Reduced rate of VAT

Certain goods and services are eligible for a reduced rate of Value-Added Tax (VAT).

a few types of fuels
a number of services related to construction
The provision of maintenance services
janitorial and repair services (usually)
Certain photographic equipment and supplies are included in this category.
importation of antiques and pieces of art
livestock other than those used in the production of food or agricultural products, such as horses
equine services for hiring
supply of greyhounds tour guide services
hire for a brief period of time.

Second reduced rate of VAT

The second reduced rate of VAT is not applicable to all goods and services (VAT).

Newspapers, periodicals, and eBooks (excluding those that are totally or mostly comprised of advertising or audio or video content) that give facilities for engaging in sports that aren’t provided by a non-profit organisation are not considered this type.
From November 1, 2020, through August 31, 2022, these items are exempt from the higher VAT rate.

Food service and catering equipment (other than alcoholic beverages, soft drinks, and bottled water) can be purchased, as can take-out food and hot tea and coffee.
Hotels include guesthouses, caravan parks, and campgrounds, along with admission to theatres, museums, and art galleries.
Hairdresser services on an open farm materials in printed form such as booklets and catalogues, such as those seen at fairgrounds and amusement parks (excluding books).
To qualify for the reduced VAT rate, the following items must be purchased before November 1, 2020.

Zero rate of VAT

Certain goods and services are exempt from paying Value-Added Tax (VAT).

exports
Providing goods to VAT-registered individuals within and outside of the European Union
Certain types of food and beverages
medication that is taken by mouth
certain tomes and pamphlets
Animal feed, fertiliser, seeds and plants needed to grow food are all examples of these.
appropriate children’s clothing and footwear for ages 0-11
Supplying VAT-registered persons permitted by Revenue under the zero-rating scheme for enterprises.

Livestock rate of VAT

To be eligible for the livestock rate of VAT, a horse must be used for food preparation or agricultural production in the normal course of business.