Trusted Accountants Limerick
VAT Return Service
When you start out in business you may or may not be obliged to register for VAT. It may in your interest to register whether required by law or not. These are some of the issues that you need to consider.
We handle your VAT Returns
At Coffey Maher, we off a wide complete range of services concerning VAT issues. We have experience of dealing with mainly Irish VAT and from time-to-time with UK and international VAT. We focus on delivering a specialist service tailored to meet its client’s needs.
All advice we provide to our client’s is both confidential and impartial.
The current rates
These are the VAT rates and thresholds in Ireland when you have to register:
- 23% is the default VAT rate, which encompasses most products and services. Only items specifically designated for lower tax brackets escape this standard tariff.
- 13.5% VAT rate applies to some products and services, including power supply, construction and related services, farm contracting, temporary vehicle rentals, and janitorial or upkeep work.
- The hospitality and entertainment sectors benefit from a 9% VAT rate, which applies to restaurants, hotels, movie theatres, hair salons, and print news publications.
- A specialised 4.8% VAT rate is reserved for certain agricultural transactions. This includes the sale of farm animals (with the exception of poultry), racing greyhounds, and equine leasing arrangements.
- The zero-rated VAT category encompasses a diverse range of items: all exported goods, basic foodstuffs (tea, coffee, milk, bread), educational materials, youth apparel and footwear, oral medications for humans and animals, agricultural supplies (seeds, fruit saplings, fertilizers, livestock feed), and mobility aids for those with disabilities.
Contact us if you are
- Looking for quick query resolution on VAT. issues?
- Need clarification on whether the VAT is “right” or “wrong” for your business?
- Want comfort and assurance on VAT?
- Concerns on VAT payments?
Do you need to file a VAT Return? Find out more in 3 easy steps?
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Are You Planning to Change Accountants?
If you are looking for a new accountant in Limerick, it is worth knowing that there are no tax implications and that you can switch accountants at any time of the year.
Our team will guide you through changing accountants to ensure a smooth transition.
