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

VAT and food supplements

The reduced rate of VAT (13.5 percent) as per section 54 Finance Bill 2019 is due to apply to all food supplement products from 1 January 2020. Implementation of the guidance from Revenue on food supplement products will be delayed until 31 December 2019. According to Revenue new guidance will be published if the VAT rate on food supplement products is changed.

Read the feature article on Finance Bill 2019 by Kimberley Rowan on here in this issue of tax.point which covers the change in the VAT treatment of food supplements.

We expect to engage with Revenue at TALC Indirect on the change in VAT treatment of food supplement products. We will keep readers informed of any developments here in tax.point.