Oireachtas Joint and Select Committees
Thursday, 8 November 2018
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2018: Committee Stage (Resumed)
10:00 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
As I understand it, the default position is that food supplements are standard rated for VAT purposes and the concession that applies to vitamins, minerals and fish oils still stands even though it has no legal basis. It is a Revenue interpretation as such. Is my understanding correct? I welcome the Minister's statement that the issue will be examined in the context of the TSG, but will he also give a commitment that there will be no change in Revenue practice or interpretation until this issue has been examined by that group?
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