VAT treatment of COVID-19 vaccines and testing kits
Revenue published an update to the guidance note – Temporary VAT Measures Relating to COVID-19. The update relates to the VAT treatment applicable to supplies of COVID-19 vaccines and testing kits.
Subject to certain conditions, supplies of COVID-19 vaccines and COVID-19 testing kits, and services closely linked to both, are concessionally zero-rated supplies from 12 December 2020 until the enactment of Finance Bill 2021.
In order for a service to be considered closely linked, it must be directly linked and necessary for the supply of those vaccines and testing kits.
See eBrief No. 010/21 for further details.