Planned VAT increases on food supplements deferred

Revenue has deferred the planned application of VAT to food supplements until 1 November

In a statement, it said the decision was in light of the Minister for Finance setting out plans to examine the policy and legislative options for their taxation.

This would have resulted in 23% being added to the cost of many popular and widely used vitamin and mineral supplements. The organisation subsequently issued new guidance last December which was to take effect on 1 March.

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