VAT Rates
AIRCRAFT LEASING (Services relating to vessels and aircraft)
Rate
Zero rated: 0%
Remarks
Aircraft used or to be used by a transport undertaking, operating for reward chiefly on international routes are liable to VAT at the zero rate, otherwise the standard rate applies. Furthermore, where company (A) leases to company (B) for onward lease which qualifies for VAT at zero percent, the primary lease is also liable to VAT at the zero rate.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 46(1)(b) Schedule: 2 Paragraph: 4(2)(b)