VAT Rates
DIAMOND CUTTING
Rate
Standard rate
Remarks
Regarded as supply of service from 1/1/96 and rate chargeable is the rate that applies to the goods being handed over. Re-designing/modifying of used diamond jewellery is liable at the Reduced rate. Paragraph 20(1)(b) of Schedule 3 refers.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 49