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Ireland: Details of Revised Pharmacists Scheme for VAT Published

25 September 2012   (0 Comments)
Posted by: SAIT Technical
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 By TaxFax (Irish Tax Institute)

Revenue has issued an eBrief on a revised Pharmacists Scheme for VAT. This is for use by pharmacies whose annual Vatable turnover is less than €1.5 million. The scheme operates by marking-up purchases for resale at the positive VAT rates to arrive at corresponding sales at these positive VAT rates; for more information on the scheme click here.


 

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