TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Ireland ’s 23% not the highest VAT Rate in EU Member States

The EU Commission has published a schedule of VAT rates applied in each of the 28 Member States as at 13 January 2014. The schedule also provides information on the application of reduced VAT rates by Member States to the categories of goods and services.

The Schedule provides an interesting comparison of the VAT rates applied by individual Member States of the European Union. While Ireland’s standard rate of 23% is higher than the UK’S rate of 20%, other Member States apply even higher standard rates as permitted by the VAT Directive such as Hungary at 27% and Denmark and Sweden both at 25%.