VAT Rates
RESEARCH VESSEL (Services related to vessels and aircraft)
Rate
Zero rated: 0%
Remarks
Research vessels qualify for the Zero rate under Paragraph 4(2)(a) of Schedule 2 only if used for commercial purposes. Vessels owned by non-commercial bodies are Standard rated even where they also have a sea rescue role.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 46(1)(b) Schedule: 2 Paragraph: 4(2)(a)