Wednesday, 20 January 2021

Questions (133, 155)

Dara Calleary


133. Deputy Dara Calleary asked the Minister for Finance the arrangements for the application of margin schemes for VAT post Brexit, in particular for second-hand goods. [2230/21]

View answer

Alan Dillon


155. Deputy Alan Dillon asked the Minister for Finance if clarity will be provided regarding the margin schemes for VAT purposes following the end of the Brexit transitional period, in particular for Irish businesses importing second-hand moveable goods for a sector (details supplied); if they will be able to continue with same; and if he will make a statement on the matter. [2698/21]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 133 and 155 together.

As provided for in the Withdrawal Agreement and the Protocol on Ireland/Northern Ireland, Northern Ireland will remain within the EU VAT regime in respect of goods and therefore the trade in goods including second-hand goods between Ireland and Northern Ireland will continue as before from a VAT perspective. However, imports from Great Britain, including imports of second-hand goods, must be declared to Customs and are liable to customs duty, where applicable, and VAT at importation.

I am advised by Revenue that there is a special scheme known as the ‘extended margin scheme’ available to art and antique dealers established in the State. Subject to conditions, the margin scheme can be applied by an accountable dealer in respect of all sales of certain works of art, collectors’ items or antiques which are imported from outside the EU including from Great Britain. A dealer can opt to apply the scheme simply by not claiming a VAT input credit in respect of the VAT paid on the importation of the goods in question.

Further information on the margin scheme can be found on the Revenue website.