Guide to VAT

About this Guide - eBrief September 2013

Value-Added Tax (VAT) is a tax on consumer spending. It is collected by VAT-registered traders on their supplies of goods and services effected within the State, for consideration, to their customers. Generally, each such trader in the chain of supply from manufacturer through to retailer charges VAT on his or her sales and is entitled to deduct from this amount the VAT paid on his or her purchases.

The effect of offsetting VAT on purchases against VAT on sales is to impose the tax on the added value at each stage of production – hence Value-Added Tax. For the final consumer, not being VAT-registered, VAT simply forms part of the purchase price.

  1. General Explanation
  2. VAT Registration
  3. Supply of Goods
  4. Supply of Services
  5. Intra-Community Supplies
  6. Acquisitions from other EU Member States
  7. Imports
  8. Exports
  9. Amount on which VAT is Chargeable
  10. VAT Due and VAT Deductible
  11. Accounting for VAT
  12. Moneys Received Basis of Accounting
  13. Reverse Charge Construction
  14. Invoices Credit Notes
  15. Records to be Kept
  16. VAT Rates
  17. Interest and Penalties
  18. Changes in Rates of VAT

Tax & Duty Manuals

September 2013

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