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| Introduction of second reduced rate of VAT |
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The Government has introduced a second reduced VAT rate of 9% in respect of certain goods and services for the period 1 July 2011 to 31 December 2013. The 9% rate mainly related to tourism, however for imports it may also affect printed matter such as brochures, maps, programmes, leaflets, catalogues and newspapers. The AEP system will cater for this new rate of VAT through the use of a VAT Rate Code "T". This code should be used at Box 44 code 1D29 where the goods are subject to the second reduced VAT rate, and more than one rate of VAT applies to a commodity. Appendix 30 has been updated accordingly. |
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