excuse my lack of knowledge please

serenacat

Hi, I have a question, when goods/services are bought in the Republic the government gets 20% VAT right?
Does any money go into the Irish economy if one buys online from a UK shop?
I'm wondering as I want to support our economy now there is a recession on for my Christmas shopping.

nice1franko

21%.
nope.

Liam Byrne

serenacat wrote: »

Hi, I have a question, when goods/services are bought in the Republic the government gets 20% VAT right?
Does any money go into the Irish economy if one buys online from a UK shop?
I'm wondering as I want to support our economy now there is a recession on for my Christmas shopping.

I'd be more interested in buying from reasonably-priced Irish suppliers and thereby supporting jobs than lining the pockets of FF & Co, who'll only waste it.

If you're that conscious about the Irish economy, why not buy from Irish suppliers ?

later12

serenacat wrote: »

Does any money go into the Irish economy if one buys online from a UK shop?

Well a reluctant 'no is the answer.

However the UK have just given Ireland a bailout of almost €7 billion euro so I wouldn't say no entirely.

serenacat

Liam Byrne wrote: »

I'd be more interested in buying from reasonably-priced Irish suppliers and thereby supporting jobs than lining the pockets of FF & Co, who'll only waste it.

If you're that conscious about the Irish economy, why not buy from Irish suppliers ?

I want to try now, but most shops are uk, topshop,warehouse,miss selfridges, penneys..
or foreign such as Forever 21, Zara, Americal apparels, H&M
Dunnes is Irish so will have a look there too

Dannyboy83

serenacat wrote: »

Hi, I have a question, when goods/services are bought in the Republic the government gets 20% VAT right?
Does any money go into the Irish economy if one buys online from a UK shop?
I'm wondering as I want to support our economy now there is a recession on for my Christmas shopping.

If you buy from the UK, then the Irish government get nothing, assuming the company you are buying from do not exceed the distance selling quota.
If you buy from the US, then the Irish government slap a tarrif/customs duties on it when it exceeds a value of about $160 US

When a UK company export a certain amount to Ireland, distance selling regulations oblige them to charge Irish Vat rates/local tax rates (usually means they become a victim of their own success as they lose their competitiveness).

sarumite

later10 wrote: »

Well a reluctant 'no is the answer.

However the UK have just given Ireland a bailout of almost €7 billion euro so I wouldn't say no entirely.

I believe its a loan...which they expect to get repaid...with interest.

keithclancy

serenacat wrote: »

Hi, I have a question, when goods/services are bought in the Republic the government gets 20% VAT right?
Does any money go into the Irish economy if one buys online from a UK shop?
I'm wondering as I want to support our economy now there is a recession on for my Christmas shopping.

It will say it on the bill.

i.e.




And so on. Its wherever their office is based.

nice1franko

aye. we weren't given a bailout- we were sold one.

munchkin_utd

if you buy from an uk online shop then the delivery/ logistics people in Ireland get some business from it.
Also, amazon have a callcentre in Ireland so if you buy from them you arent entirely throwing your money away abroad

The issue of cross border taxes is one that is vexing many nations currently.

One of the MEPs that brought the motion last night in the euro parliament about Irish corporation taxes (i.e. a common minimum corporation tax being introduced) was on newstalk on Sunday morning.
He also pointed out that major german banks like Deutsche bank are putting billions of normal german trade through the books in their dublin subsiduary, thus avoiding 100s of millions of taxes in germany, BUT gaining Ireland 100s of millions instead.

The amount lost by the irish government through allowing uk VAT be paid on online purchases is probably dwarfed by the amount of income the government gets from corporation tax of profits of major foreign companies channeled through an office in the IFSC.

serenacat

munchkin_utd wrote: »

if you buy from an uk online shop then the delivery/ logistics people in Ireland get some business from it.
Also, amazon have a callcentre in Ireland so if you buy from them you arent entirely throwing your money away abroad

The issue of cross border taxes is one that is vexing many nations currently.

One of the MEPs that brought the motion last night in the euro parliament about Irish corporation taxes (i.e. a common minimum corporation tax being introduced) was on newstalk on Sunday morning.
He also pointed out that major german banks like Deutsche bank are putting billions of normal german trade through the books in their dublin subsiduary, thus avoiding 100s of millions of taxes in germany, BUT gaining Ireland 100s of millions instead.

The amount lost by the irish government through allowing uk VAT be paid on online purchases is probably dwarfed by the amount of income the government gets from corporation tax of profits of major foreign companies channeled through an office in the IFSC.

Yeah , I bought books off amazon but was charged so many extras was wondering if any went to Ireland, guess only a very small amount then. Is ebay the same story?