The Value Added Tax (VAT) Calculator Ireland is a tool that helps individuals and businesses calculate the amount of VAT they will pay or owe on their goods or services in Ireland. VAT is a consumption tax that is added to the price of most goods and services in Ireland, and it is collected by businesses on behalf of the government.
Table of Contents
VAT Rates in Ireland 2024
The VAT rate in Ireland varies depending on the type of goods or services being sold. The following are the current VAT rates in Ireland:
- 0% – Exports, books, children’s clothing and footwear, certain medical goods, and certain food and drink items.
- 4.8% – Agricultural products, certain construction services, and greyhound racing.
- 9% – Newspapers, sporting activities, and tourism-related services.
- 13.5% – Fuel, electricity, building and building services, and veterinary fees.
- 23% – Standard rate for most goods and services.
The VAT calculator is a free online tool that can be used to calculate the VAT payable on goods or services sold in Ireland. To use the calculator, simply enter the price of the goods or services and select the appropriate VAT rate. The calculator will then calculate the total cost including VAT.
The VAT calculator can be a helpful tool for businesses in Ireland that need to calculate their VAT liability for tax purposes. It can also be used by consumers to ensure that they are paying the correct amount of VAT on goods and services they purchase.
How to Calculate Irish VAT in Ireland
Here is an example of how to calculate VAT on a product in Ireland:
Step 1: Identify the VAT rate for the product.
The VAT rate for a product in Ireland depends on the type of product. For example, the standard VAT rate is 23%, while the reduced VAT rate is 13.5%.
Step 2: Calculate the amount of VAT payable.
The amount of VAT payable is calculated by multiplying the price of the product by the VAT rate. For example, if the price of a product is €100 and the VAT rate is 23%, the amount of VAT payable is €23.
Step 3: Add the VAT to the price of the product to get the total cost.
The total cost of the product is the price of the product plus the amount of VAT payable. For example, if the price of a product is €100 and the VAT rate is 23%, the total cost of the product is €123.
Formula:
Total cost = Price + VAT
Example:
Price = €100
VAT rate = 23%
Total cost = €100 + (€100 x 23%)
Total cost = €123
How much is VAT in Ireland
The standard rate of VAT in Ireland is 23%. Some goods and services are subject to a reduced rate of 13.5%, while others are exempt from VAT altogether.
How to get a VAT number in Ireland
Check if you need to register for VAT. You need to register for VAT if your business turnover exceeds €75,000 in 12 months.
Complete the VAT registration form. You can find the form on the Revenue website.
Submit the form to Revenue. You can submit the form online, by post, or in person at your local Revenue office.
Wait for your VAT number. It can take up to 28 working days to receive your VAT number.