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What do we pay tax on goods here in Ireland?

  • 09-04-2010 3:30pm
    #1
    Registered Users, Registered Users 2 Posts: 1,261 ✭✭✭


    I know we pay tax at 21% now on goods, but does that include food?

    Is there somewhere I can find a list of everything we pay tax on and how much tax.

    ie:
    How much tax do we pay on a bottle of wine/ pack of cigarettes/ food/ prescription meds / over the counter meds / clothes?

    I've had a look on revenue.ie but can't find anything.

    Thanks in advance :)


Comments

  • Registered Users, Registered Users 2 Posts: 1,419 ✭✭✭Cool Mo D


    There are a few main personal taxes, and some not so important ones.

    Taxes you pay on your salary/ wages.
    Income tax: obvious what this is.
    PRSI: Paid on incomes, smaller than income tax, to support various social welfare payments and benefits.
    Income levy: An income tax

    Taxes you pay on goods.
    VAT. You generally pay VAT at 21% (I think) on most hings you buy. There is reduced rate of 13.5% VAT on some things, and some things judged to be essential food are VAT free.
    Excise duties are paid on various 'bad' or otherwise to be discouraged items - such as beer, wine, spirits, cigarettes, petrol and diesel.
    Motor tax, paid yearly by car owners.
    Television license fee.
    Stamp duty when bying a property

    Taxes you pay on profits.
    Capital gains tax is paid on making aprofit selling shares and the like
    DIRT is a tax paid on the interest you make on money on deposit, in a bank, say.

    Bear in mind, that the biggest revenue earners for the government are VAT and Income tax, which bring in about 2/3 of all tax revenue.


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