No Catering Contract For Irish

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Originally Posted by elroy

If the goods in question are zero rated for VAT purposes then you're correct that no VAT is payable but that would apply whether the goods were bought in Ireland or in another EU country.

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Yes that's what my accountant meant, I'm not an expert hence the need for an accountant :D All I know is we won't end up paying VAT and having purchased the goods in the UK VAT free, it essentially means no VAT at all. If bought in Ireland, as well as being over charged, the VAT is paid up front therefore buying from the UK is advantageous in more ways than one

Is that the best you can do?

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Originally Posted by 4tothefloor

Oh you're one of those, the PC brigade.......nuff said :rolleyes::D

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Originally Posted by 4tothefloor

Yes that's what my accountant meant, I'm not an expert hence the need for an accountant :D All I know is we won't end up paying VAT and having purchased the goods in the UK VAT free, it essentially means no VAT at all. If bought in Ireland, as well as being over charged, the VAT is paid up front therefore buying from the UK is advantageous in more ways than one

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Think we might have cross wires here but my point was that if the goods are zero rated then no VAT is payable doesnt matter whether you bought the goods from Ireland or elsewhere. However, if you buy goods from the UK or another other EU country that are not zero rated, then you are meant to be self account (ie self charge yourself VAT) so there isnt any saving of VAT in reality. Otherwise there would be a distortion of competition ie Irish supplier charging VAT, whereas English supply would be VAT free.

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Originally Posted by elroy

then you are meant to be self account (ie self charge yourself VAT) so there isnt any saving of VAT in reality.

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In reality I know very few people who will self charge themselves VAT :D

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Originally Posted by 4tothefloor

In reality I know very few people who will self charge themselves VAT :D

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Perhaps but i hope you dont get a Revenue audit anytime soon in that case.

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Originally Posted by elroy

Perhaps but i hope you dont get a Revenue audit anytime soon in that case.

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Well we don't do our own accounting, the accountants do everything so we would hold them responsible for anything in that event.