Value Added Tax (VAT)
Ireland's value added tax (VAT) is part of the European Union Value Added Tax system. It is collected by VAT-registered traders on almost all goods and services they supply. Each trader in the chain of supply, from manufacturer to retailer, charges VAT on his sales and pays it to Revenue, deducting from the payment the VAT paid on his purchases.
Read more about this topic: Taxation In The Republic Of Ireland
Famous quotes containing the words added and/or tax:
“What we cut off from our other faults is very often but so much added to our pride.”
—François, Duc De La Rochefoucauld (1613–1680)
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
—C. John Sommerville (20th century)