This section contains information concerning the ever changing world of international VAT. It is regularly updated, but is, of necessity, of a summary nature.
If you would like any further information on any subject discussed here, or indeed any other matter relating to VAT please contact us and we will be delighted to assist.
These are the latest Need to Know items:-
Hungary - VAT Rate Increase
The standard rate of VAT in Hungary has increased from 20% to 25% with effect from 1 July 2009. A reduced rate of 18% applies to food and heating. The super reduced rate of 5% still applies to magazines, newspapers, books and certain pharmaceutical products.
Ireland -VAT Rate Reduction
Also from 1 December 2008 the standard rate of VAT in the Republic of Ireland increases to 21.5%.
