News

Library of Knowledge No. 66

Second Reduced VAT Rate of 9% extended, until 31^ST August 2023

The  ‘Second Reduced VAT Rate’ of 9% which was introduced initially for the period 1^st November 2020 to 28^th February 2023, is now extended to 31^st August 2023.

The announcement was part of the package published by the government earlier this week to address the ongoing ‘cost of living’ issues.

All businesses who qualify should continue to charge 9% instead of 13½%, until 31^st August 2023.

For the period from 1 November 2020 to 28 February 2023, the following items are subject to the second reduced rate of VAT.

• catering and restaurant supplies (excluding alcohol, soft drinks and bottled water)
• hot take-away food, and hot tea and coffee
• hotel lettings, for example, guesthouses, caravan parks or camping sites
• admissions to cinemas, theatres, certain musical performances, museums, art galleries or exhibitions
• amusement services of the kind normally supplied in fairgrounds or amusement parks
• admission to an open farm
• hairdressing services
• certain printed matter such as brochures, leaflets, catalogues or printed music (excluding books).

For further information see: https://www.revenue.ie/en/vat/vat-rates/what-are-vat-rates/second-reduced-rate-vat.aspx

Please do not hesitate to contact one of our team, should you have any queries.