VAT Rates
MOTOR VEHICLES (HIRE-PURCHASE)
Rate
Standard rate
Remarks
H.P. treated as a supply of goods taxable when the vehicle is handed over. H.P. agreement acts as invoice for VAT purposes. HP interest charges not liable from 2/6/95.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 19(1)( c), 20(1)