VAT on Sale of Horse to USA

HcksawJimDuggan

If an Irish VAT registered company sells a horse to a private individual in the US, am I right in thinking VAT does not need to be charged on the transaction?

gerrybbadd

HcksawJimDuggan wrote: »

If an Irish VAT registered company sells a horse to a private individual in the US, am I right in thinking VAT does not need to be charged on the transaction?

The zero rate of VAT applies to exports

exaisle

Yes..."exports" in the above post refers to "exports to outside the EU".

However, if the export was to a non-registered person within another EU country, then Irish VAT would be chargeable.

gerrybbadd

exaisle wrote: »

Yes..."exports" in the above post refers to "exports to outside the EU".

However, if the export was to a non-registered person within another EU country, then Irish VAT would be chargeable.

Couple of problems.

"Exports" refers to goods leaving the common market place. There are no "exports" within the EU.

And, the query referred to the US clearly, so your advise is misplaced

exaisle

More than a couple of problems.

The term "exports" is more commonly understood as goods "sent to another country for sale".

https://en.oxforddictionaries.com/definition/export

So, of course there are "exports" within the EU.

You didn't clarify that "exports" meant "goods leaving the common market place" in your original post. Indeed, I can find no definition of "the common market place" but I suspect that you meant the EU, the EEA and Turkey within which there is free movement of goods.

And you are incorrect that the zero rate of VAT applies to exports. This is not always the case. If a business in Ireland sells VAT chargeable goods to a non-VAT registered person in another EU country, then EITHER Irish VAT or the equivalent rate of VAT in that particular EU country will apply.

My "advise" (sic) was directed at the lay person rather than the practitioner and was intended to clarify your original post.

gerrybbadd

exaisle wrote: »

More than a couple of problems.

The term "exports" is more commonly understood as goods "sent to another country for sale".

https://en.oxforddictionaries.com/definition/export

So, of course there are "exports" within the EU.

You didn't clarify that "exports" meant "goods leaving the common market place" in your original post. Indeed, I can find no definition of "the common market place" but I suspect that you meant the EU, the EEA and Turkey within which there is free movement of goods.

Firstly, there are no exports within the EU, when it comes to VAT. The question related to VAT, and I answered it, under the scope of VAT.

But you had to stick your oar in, and apply an answer to a question that wasn't asked.

Forget the dictionary definition for exports, because it does not apply. The Revenue definition, when it comes to VAT is as follows:

Exports (non-EU)

For VAT purposes exports are goods supplied subject to a condition that they are to be transported to a place outside the EU. The zero rate of VAT applies to exports

Supplies within the EU are Intra Community Supplies or if purchasing, Aquisitions.

exaisle wrote: »

And you are incorrect that the zero rate of VAT applies to exports. This is not always the case. If a business in Ireland sells VAT chargeable goods to a non-VAT registered person in another EU country, then EITHER Irish VAT or the equivalent rate of VAT in that particular EU country will apply.
My "advise" (sic) was directed at the lay person rather than the practitioner and was intended to clarify your original post.

Again, you have answered a question that wasn't asked, and showed yourself to be incorrect.

psnKOB79LFC

exaisle wrote: »

More than a couple of problems.

The term "exports" is more commonly understood as goods "sent to another country for sale".

https://en.oxforddictionaries.com/definition/export


So, of course there are "exports" within the EU.

You didn't clarify that "exports" meant "goods leaving the common market place" in your original post. Indeed, I can find no definition of "the common market place" but I suspect that you meant the EU, the EEA and Turkey within which there is free movement of goods.

And you are incorrect that the zero rate of VAT applies to exports. This is not always the case. If a business in Ireland sells VAT chargeable goods to a non-VAT registered person in another EU country, then EITHER Irish VAT or the equivalent rate of VAT in that particular EU country will apply.

My "advise" (sic) was directed at the lay person rather than the practitioner and was intended to clarify your original post.

You need to put away the Collins dictionary abd pick up the Vata