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VAT on Rebates

HcksawJimDuggan · 2017-01-26 11:38:29

Are rebates from suppliers liable to VAT? Example - Company A orders goods at various VAT rates from Company B throughout the year. Company B provides company A with a zero rated credit note in January in respect of a rebate based on prior year sales. Should the credit note not have some element of VAT applied? The only…

26-01-2017 11:38am

#1

HcksawJimDuggan

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Are rebates from suppliers liable to VAT?

Example - Company A orders goods at various VAT rates from Company B throughout the year. Company B provides company A with a zero rated credit note in January in respect of a rebate based on prior year sales. Should the credit note not have some element of VAT applied?

The only info I can find online relates to the UK in which if it is agreed between the customer & the supplier the rebate can be zero rated. Does the same apply in Ireland?

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Comments

#2 26-01-2017 2:51pm

Lockedout2

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I would agree if the purchase was VATable then the rebate would be VATable.

But I know a large drinks company that zero rates the rebate. Perhaps it's on the basis that there is no relationship between the rebate and the customer, I don't know i.e. The customer is not providing a service to the supplier?

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