VAT compliance and reporting rules in Ireland 2024 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
Proposed VAT B2B & B2G e-invoicing & real-time reporting Public consultation extended by Revenue Commissioners The Irish Minister for Finance has announced on 10 October 2023 the opening of a public consultation on Ireland’s digitalisation of VAT Invoicing and Reporting System. This was part of
Increase on sales threshold for mandatory VAT registration in 2024 budget In today’s 2024 Budget, Ireland is proposing to increase the existing VAT registration thresholds for businesses from €37,500 for services and €75,000 for goods to €40,000 for services and €80,000 for goods respectively. These
2024 Budget reduced VAT on electronic and audio books to zero The 2024 Irish Budget includes a provision to reclassify the VAT rate on electronic books to zero. This brings it into line with the rate on their printed equivalent. The same tax break will
Temporary domestic gas and electricity cut from 13.5% to 9% extended for third time to 31 October 2024 In today’s Irish Budget, it has been proposed to extend the 9% reduced VAT rate for gas and electricity for another 12 months. It is estimated that
Cut from 13.5% to 9% ended after 3 extensions following COVID and inflation crises After almost three years since the COVID crisis, Ireland has returned its hospitality, hotels and tourism VAT rate to 13%. It was originally cut to 9% in November 2020. The temporary
Temporary domestic gas and electricity cut from 13.5% to 9% until 31 Oct 2023 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. The anti-inflation measure was first introduced in May 2022 as post-COVID and Russian invasion of Ukraine inflation
Ministry of Finance confirms terms of zero-rating for domestic solar panel installations – previous rate was 23% Ireland has joined the growing number of EU states that has taken advantage of new reduced EU VAT freedoms to zero Value Added Tax on the sale and
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%
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
