Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 162: To ask the Minister for Finance if, in respect of utility bills dated January 2012 subject to the standard rate of VAT but charging for activity in the calendar year 2011, should provide for VAT at the revised standard rate of 23% in regard to all activity on the bill properly subject to the standard rate. [3992/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The increase in the standard rate of VAT from 21% to 23% applies with effect from 1 January 2012. In the case of continuous supplies of telecommunications services, electricity or gas, for which a bill is issued at least every three months, the rate of VAT that should be charged is the rate in force at the date of issue of the bill. In all other cases of services to private individuals, the correct rate is the rate in force at the time of supply of the services. The Revenue Commissioners have published a comprehensive information note about the application of the increase in the standard rate of VAT, which is available on their website – http://www.revenue.ie/en/tax/vat/leaflets/increase-in-standard-rate.html.