Revenue recently published an eBrief (70/11) on VAT rates applicable to certain bakery products and food supplements. The confirmation in relation to the bakery products – which sets out various kinds of bread that are not bread (and so, not zero-rated for VAT) – is straightforward enough. The matter regarding supplements is less clear cut. Continue reading
This case deals with the principle of fiscal neutrality. People who lead normal, balanced lives rarely encounter the exhilarating topic of fiscal neutrality. For the humble VAT practitioner, it is part of the staple diet. For fiscal neutrality is a cornerstone on which the VAT system is built.
In a Bill of some 124 sections, all of twelve relate specifically to VAT. Many of these are procedural, or technical, amendments so there is not a lot of material in the proposed VAT changes. Below is a summary of the more important proposed amendments. It is not the intention to review every minor proposal in the Bill.
A couple of things have been happening in the medical field, not an industry that comes often to the attention of the VAT Inspector. The first is the publication by Revenue last year of a leaflet on VAT and Medical Services. Practitioners were long of the view that any service supplied by a medical professional was exempt from VAT. A number of cases decided by the European Court of Justice (ECJ) dispelled that myth. Continue reading
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