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What implications for Duty/VAT on imports

Comments

  • #2
    antoobrien
    Registered Users, Registered Users 2 Posts: 6,106 ✭✭✭antoobrien


    Bullseye1 wrote: »
    If this goes ahead will it have implications for Duty and VAT on imports from the US and vice versa?





    http://www.rte.ie/news/business/2013/0213/367533-obama-union-speech/

    VAT very little, as it would probably be the same as the EU free trade area - e.g. we pay Irish VAT not UK when we shop on amazon. Import duties, may come down.


  • #3
    BKtje
    Registered Users, Registered Users 2 Posts: 8,064 ✭✭✭BKtje


    antoobrien wrote: »
    VAT very little, as it would probably be the same as the EU free trade area - e.g. we pay Irish VAT not UK when we shop on amazon. Import duties, may come down.

    It's actually not as clear cut as that. Generally VAT is charged at the rate of the suppliers country unless the supplier has registered for VAT in the destination country. There is also a sales limit at which VAT must be paid at the rate of the destination country. For further clarification please see link below.

    Hope this helps!

    http://ec.europa.eu/taxation_customs/taxation/vat/consumers/mail_order_distance/index_en.htm


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