Oireachtas Joint and Select Committees

Thursday, 3 October 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Application of VAT to Food Supplements: Discussion

Mr. Matt Ronan:

Going with the full VAT application that we are being threatened with, one could start with a bottle of 30 capsules containing 1,000 mg of vitamin C that is available for purchase for €7.50. Applying the 23% VAT rates brings that to €8.36 and taking into account the effect of Brexit as well, the price will go over €10. A bottle containing 100 capsules of vitamin C from Solgar starts at €19.65 but this could go to €24.17 with the new VAT rate and €27.25 after the effects of Brexit. A commonly used probiotic costs €25.99 for a 30-day supply and with a new VAT rate, this would rise to €31.97 and to €36.05 after taking into account the effect of Brexit. The product would be pushed from €25 to €36, meaning nearly €11 would be added to the price if the worst happens.

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