VAT compliance and reporting rules in Ireland 2023 Below is summary of the major rules provided under Irish VAT rules (Value Added Tax Consolidation Act 2010; Statutory instruments; Finance Act 2016), plus adoption of EU VAT Directive provisions. Check our country VAT guides for other
2023 Budget zeroes VAT on newspapers and rolls over temporary cut to gas and electricity Ireland published its 2023 Budget on 27 September 2022. It included a number of VAT measures, including: Zero-rating of VAT on paper and digital newspapers and periodicals Extension of 9%
Temporary domestic gas and electricity cut from 13.5% to 9% extended for second time to 28 Feb 2023 Ireland’s inflation hit 8.7% in August, with the energy rate up to 54%. This has prompted the government to bring forward budget plans to September, two weeks
Spain, Austria and Kenya added to list of countries whose DST’s may be deducted against Irish Corporation Tax Ireland’s Revenue Commissionaires has added three additional states to the list of jurisdictions that Irish resident businesses may claim Digital Services Tax against relevant their Irish taxable
Effects of cost-of-living crisis prompts extension of VAT rate cut from 13.5% to 9% to 28th Feb 2023 Ireland’s government has announced on 10 May 2022 a second extension of the reduced VAT rate on restaurant, cafe, catering and tourism services past the planned deadline
VAT liabilities on mining, exchange and consideration role for cryptocurrencies and similar crypto-assets Ireland’s tax authorities, the Revenue, has confirmed the VAT and other tax obligations on virtual digital currencies, including Bitcoin and tokens. An EU review on VAT on crypto-assets is underway. Key points
Temporary domestic gas and electricity cut from 13.5% to 9% until end Oct 2022; inflation hits 40 year high Ireland will provide limited relief against fast-rising domestic fuel costs. The government will temporaryily cut VAT on domestic heating gas and electric from 13.5% to 9% between 1
E-invoicing, real-time reporting and SAF-T to be evaluated by Irish Revenue The Irish Revenue is launching a review of VAT invoice digital reporting requirements and how to modernise VAT reporting. This includes continuous transaction controls (live invoice reporting or e-invoicing) This would supplement the existing
Prolonged COVID-19 crisis results in extended VAT support The Irish government confirmed in today’s budget that is has extended the 9% reduced Value Added Tax rate on hospitality and tourism rate until 31 August 2022. This reflects the tentative opening-up of the key tourism sector following
The Irish standard VAT rate returns to 23% on 1 March 2021. The follows a temporary decrease to 21% since 1 September 2020 to help consumers and businesses during the COVID-19 crisis. The temporary cut in the tourism and hospitality services VAT rate from 13.5%
