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SEAI insulation grant and treatment of VAT

  • 27-09-2018 5:11pm
    #1
    rustbucket
    Registered Users, Registered Users 2 Posts: 27 ✭


    Just looking at my external insulation invoice and the grant permissible of 6k is deducted from the total amount after VAT

    Is this normal practice? I would have thought that the grant should be taken off the amount prior to VAT

    Any thoughts?


Comments

  • #2
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,871 ✭✭✭✭Calahonda52


    rustbucket wrote: »
    Just looking at my external insulation invoice and the grant permissible of 6k is deducted from the total amount after VAT

    Is this normal practice? I would have thought that the grant should be taken off the amount prior to VAT

    Any thoughts?


    Why: as the end consumer?

    “I can’t pay my staff or mortgage with instagram likes”.



  • #3
    rustbucket
    Registered Users, Registered Users 2 Posts: 27 ✭rustbucket


    Calahonda52 wrote: »
    Why: as the end consumer?

    I’m not sure really. Not that it matters that much but I thought as it’s a grant from a government/semi gov agency I thought it might be applied before vat. It seemed a bit odd that some of the grant would be used to pay a vat bill


  • #4
    Metric Tensor
    Registered Users, Registered Users 2 Posts: 3,725 ✭✭✭Metric Tensor


    Happens all over OP. On some Dept of Education projects the department send the VAT to the school who are then not allowed give it to the builder at all and must send it straight to revenue!


  • #5
    Shelli2
    Registered Users, Registered Users 2 Posts: 928 ✭✭✭Shelli2


    The grant is payable to you, not the contractor, so has nothing to do with the VAT bill.
    If they are acting as a counterparty it just means that they are able to deduct the grant from the total price in advance, saving you a lot of effort.
    Many people use non-counterparty SEAI registered contractors, in this case the grant payment is made to the customer after all works are complete and paid for in full.


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