asked the Minister for Finance the method of calculation whereby VAT of £4.21 was charged on an item (details supplied) valued £15.00 sterling sent by post into this country.
Written Answers. - VAT Calculation.
50.
I am informed by the Revenue Commissioners that the item in question was liable, on importation, to VAT at the rate of 25 per cent. The VAT would have been assessed on the declared value of the item, converted from sterling to punts.