VAT, RCT, PSWT
VAT, RCT, PSWT
VAT
University College Dublin is required to self-account for VAT on all inter-community purchases of goods and services and on all world-wide purchases of services. This means that UCD must self-account for VAT at the appropriate rate (23%, 13.5% or 9%) on invoices received from EU suppliers and pay this VAT over to Irish Revenue. This self-accounted VAT is a non-recoverable additional cost. Invoices from businesses based in EU countries such as France and Germany and all other EU member- states should be received without any VAT charge but UCD has to self-account for VAT at the appropriate rate on the transaction.
VAT on goods purchased outside the EU (i.e. U.S.A., Australia,) is collected by Revenue at point-of-entry to the state, i.e. it must be pre-paid before the goods are permitted to pass through customs. Goods coming from these non-EU states will normally be cleared through customs by a freight company.
Except on certain vatable research accounts, the University cannot recover the cost of VAT on purchases.