Ireland being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.
Standard VAT Rate: 23%
Reduced VAT Rate: 4.8%, 9%, 13.5%
Registration Threshold Distance Selling: 35,000 €
EU VAT number format: IE9S99999L
Resident - EUR 75,000 (Goods), EUR 37,500 (Service)
Non resident - There is no registration threshold
IC Acquisitions - EUR 41,000
The Minister for Finance has announced that a second reduced VAT rate of 9% will be introduced in respect of certain goods and services (mainly related to tourism) for the period 1 July 2011 to 31 December 2013 under the “Jobs Initiative 2011”
Supplies of goods and services at the new 9% rate:
the supply of food and drink (excluding alcohol and soft drinks) in the course of catering or by means of a vending machine (See footnote 1)
hot take-away food and hot drinks
hotel lettings, including guesthouses, caravan parks, camping sites etc
admissions to cinemas, theatres, certain musical performances, museums, art gallery exhibitions
amusement services of the kind normally supplied in fairgrounds or amusement park services
the provision of facilities for taking part in sporting activities by a person other than a non-profit making organisation
printed matter e.g. newspapers, brochures, leaflets, programs, maps, catalogues, printed music (excluding books)
Hairdressing services (Note: beauty treatments:- for example, facials, massages, nail treatments, tanning or sunbed services etc., remain liable at the 13.5% rate).
There is no registration threshold for non-resident businesses. As soon as a non-resident business makes taxable supplies in Ireland, it is required to register there.
Detailed rules regulate reporting requirements of Irish transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes.