Charging VAT on goods

Goods diverted to a private or exempt use (self-supply)

A self-supply of goods occurs when an accountable person diverts goods to private or exempt use.

You would have normally reclaimed the Value-Added Tax (VAT) on the original purchase of these goods. In this circumstance you are obliged to return this VAT to Revenue.

Next: VAT on gifts, advertising goods, samples and replacements