Value Added Tax Consolidation Act 2010 Schedule 3 paragraph 1

Schedule 3 paragraph 1 sets out the definitions used in Schedule 3 and, through the food and drink table, identifies the food and drink products that are subject to VAT at the standard rate rather than the zero rate.

• The paragraph defines three terms used throughout Schedule 3: "food and drink table", "margin scheme supply" and "open farm".
• The food and drink table lists categories of food and drink that are charged to VAT at the standard rate, including alcoholic beverages, confectionery, ice cream, savoury snacks and soft drinks.
• A margin scheme supply is a supply made by a taxable dealer or an auctioneer under the special margin scheme rules, where VAT is charged on the profit margin rather than the full selling price.
• An open farm is a facility whose principal function is the regular (not occasional) exhibition of animals and agricultural activities, which may also include rural heritage.