VAT Rates
RACEHORSE TRAINING
Rate
Standard rate
Remarks
Includes farmers. It is accepted that taxable training activity accounts for 10% of turnover, with the balance for farming activities. Effective registration threshold =10 x Services threshold. Input credit apportioned.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 17(2)(a) & (b)