Ireland to increase VAT rate on food supplements to 23%

The Revenue Commissioners has decided to change the applicable rate to food supplements such as vitamins, probiotics and fish oils and raise it to the standard VAT rate of 23%. Currently this type of food is Zero rated but it is supposed to change from 1 March.

The obvious consequence will be the instant raise on prices and shops are worried not only because a diminish on sales would affect them, but closure of their shops or lay-offs are also possible.

Related services: