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VAT

Irish VAT may arise on supplies of goods and services of an Irish based business at the following rates (depending on the nature of the goods and/ or services):

1. Ìý

   •ÌýÌýÌýÌý exempt

2. Ìý

   •ÌýÌýÌýÌý 0%

3. Ìý

   •ÌýÌýÌýÌý 5.6%

4. Ìý

   •ÌýÌýÌýÌý 9%

5. Ìý

   •ÌýÌýÌýÌý 13.5%

6. Ìý

   •ÌýÌýÌýÌý 23%

If the supplies are VAT exempt, the business will not be entitled to recover any input VAT on its costs. Businesses supplying goods at the other VAT rates will be entitled to recover VAT generally on costs provided that they are registered for VAT.

There are some costs on which no business can recover input VAT (eg spend on entertainment, personal expenses, and expenditure on petrol purchased otherwise than as stock-in-trade)

Any business selling goods or services exceeding a certain value must register for VAT (unless its supplies are VAT-exempt). The current turnover thresholds over which a business must