ICAI News - 13th March 2009

Fri, Mar 13, 2009

The EU Council has reached agreement on use of reduced VAT rates in certain sectors. The agreement means that all member states, by amending the VAT directive 2006/112/EC, should have the option to apply reduced VAT rates on a permanent basis to a number of supplies, including restaurant services and hairdressing.

Other supplies include:

  • Minor repairing of bicycles, shoes and leather goods, clothing and household linen (including mending and alteration);
  • Window-cleaning and cleaning in private households;
  • Domestic care services such as home help and care of young, elderly, sick or disabled;
  • Renovation and repairing of private dwellings, excluding materials which account for a significant part of the value of the service supplied.

Further information is available here

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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