Standard VAT rate to revert to 23% - Crowe Ireland

Standard VAT rate to revert to 23%

Temporary reduction due to end 1 March 2021

Standard VAT rate to revert to 23% - Crowe Ireland
The Minister for Finance Paschal Donohoe 
As of 1 March 2021, the standard rate of Irish VAT is due to revert to 23%. In its July Stimulus Package, the rate had been reduced to 21% for a six-month period from 1 September 2020 to 28 February 2021. 

The Minister for Finance Paschal Donohoe has confirmed that he has no plans to extend the reduction in the standard rate of VAT beyond its planned expiry at the end of this month. 

Please see out guidance called Information on preparing for the VAT rate change for what businesses need to consider in relation to the VAT rate change.

The lower rate of VAT for hospitality services which was reduced to 9% in Budget 2021 will remain in place until the end of 2021 as planned.

If you require assistance with any tax requirements or challenges you face as a result of the pandemic, please contact a member of the tax team

Contact us:

Grayson Buckley, Partner, Tax - Crowe Ireland
Grayson Buckley
Partner, Tax
John Byrne, Partner, Tax - Crowe Ireland
John Byrne
Partner, Tax
Cormac Doyle Crowe Ireland Tax Partner
Cormac Doyle
Partner, Tax
Lisa Kinsella, Partner, Tax - Crowe Ireland
Lisa Kinsella
Partner, Tax