VAT on Purchase of Goods or Services from suppliers based in Éire

If the supplier is registered for VAT in Éire, they will add it to their invoice. Application of the correct tax code (P1, P2, P3, or P4) to relevant documents is essential, and the tax code should be provided by the purchaser, not by accounts office personnel.

Regular ’Departmental Expenditure’ - Non Reclaimable vat

• P1            VAT added on 13.5% ( Low Rate)
• P2            VAT added on 23.0% ( Standard Rate)
• P5            Vat added on    9.0% ( Reduced rate from 1 July 2011 to 31st December 2013)

Certain ’Vatable Research contracts' - Reclaimable vat

• P3            VAT added on 13.5% ( Low Rate)
• P4            VAT added on 23.0% ( Standard Rate)
• P6            VAT added on   9.0% ( Reduced rate from 1 July 2011 to 31st December 2013)

When keying in Purchase Orders, the amount entered is the VAT EXCLUSIVE value, and by entering the above codes, the system calculates the vat as appropriate.

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