How is VAT in Ireland Calculated?
To calculate the VAT in Ireland, you will need to:
- First, take the total price in €
- Then, divide that by 100 (%) and multiply by 23 (if using the default Ireland VAT rate %, or use another number if the rate is different)
- Lastly, the price minus or plus (based on if you want to add or deduct the VAT) the number above is equal to the final price
In the article below are more in-depth explanations and examples for each case. You can also check a full-length article where Ireland VAT is explained in detail.
How to Add VAT in Ireland?
If you want to add the VAT use this formula: €price + ((€price / 100%) * 23%) = VAT-added €price.
For example, if the price before VAT is €1,200, and the VAT rate is 23%, we do as follows:
- €1,200 / 100% = €12
- €12 x 23% = €276
- €1,200 + €276 = €1,476
In the example above, after adding the 23% VAT, the final VAT-added price equals €1,476. If you want to see an example of deducting VAT, see the example below.
How to Deduct VAT in Ireland?
So, if you want to remove the VAT, the price after VAT is €1,200, and the VAT rate is 23%, we do as follows:
- €1,200 / 100% = €12
- €12 x 23% = €276
- €1,200 - €276 = €924
The €924 in the example above is the VAT-deducted price after removing 23% VAT.
What is the VAT rate in IE?
As of 2023, the VAT rate in the IE is 23%.
We think these three links are helpful and related to the VAT Calculator Ireland: Current VAT rates, Value Added Tax - Duties and VAT, and Taxation in the Republic of Ireland.
