Services taxable at the rate of the goods
|Guitar repair job, quoted price of
||€300 plus VAT
|Made up as follows:
|Cost of materials at 23% (VAT exclusive)
|Labour, overheads, profit
Cost of materials €220 (VAT exclusive) exceeds 2/3rds of full price (VAT exclusive)
VAT chargeable is €69 (€300 @ 23%).