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Ireland returns to 23% VAT March 2021

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% to 9% will remain in place until 31 December 2021. Check global VAT and GST rates with VAT Calc’s tracker

Some of the planning points around the VAT rate revision include:

  • Update invoice templates, including rental or similar contract-based agreements, where VAT is listed on an exclusive basis.
  • Determine the invoice tax point – the date the VAT is due and therefore which rate to use. The normal rules on the earliest of the invoice, payment or supply dates do not apply to prevent deliberate manipulation to avoid the higher VAT rate. The time of supply usual becomes the date to set the VAT rate applicable.
  • This includes advance payments, which cannot be used to artificially apply the reduced VAT rate on supplies made after 1 March 2021.
  • Credit notes on invoices issued under the 21% rate should also be set at 21% even if issued after 1 March 2021.
  • Businesses should review their accounting, ERP, invoicing or tax engine systems, including new tax codes. It is recommended that new codes are created since credit notes and other transactions will still rely on the VAT cut code.

You can check the Irish or any other global VAT & GST calculations on individual or batch transactions with our Advisor and Auditor services.

Future global VAT / GST changes

Date Country VAT / GST  changes (click for details)
1 May 2022 Ireland Cuts VAT on domestic fuel VAT until 31 Oct
1 May 2022 Serbia E-invoice introduction
1 May 2022 Belarus Raises VAT on electronic comms services to 26%
1 May 2022 Indonesia VAT on crypto-assets and services
1 May 2022 China Temporary VAT rate cut on delivery services
2 May 2022 Peru VAT on foods cut on inflation worries
5 May 2022 EU Closing VAT in Digital Age consulation
1 Jun 2022 Belarus VAT on non-residents B2C sellers of goods
1 Jun 2022 Belgium Ends domestic electricity VAT rate cut
24 Jun 2022 Moldova Hospitality VAT returns to standard VAT rate
30 Jun 2022 Italy Ends gas temporary VAT rate cut
1 Jul 2022 Italy Major updates to SdI e-invoicing
1 Jul 2022 Sweden Raises VAT registration threshold
1 Jul 2022 Netherlands Cuts energy VAT to 9% until Dec 2022
1 Jul 2022 Romania E-invoicing for fraud 'risky' goods mandated
1 Jul 2022 Egypt B2C e-invoicing mandatory
1 Jul 2022 Australia Gig & sharing marketplace reporting July 2022
1 Jul 2022 Philippines EIS VAT e-invoicing
1 Jul 2022 Suriname Implementation 12% VAT regime
1 Jul 2022 Korea, South Foreign digital services transaction reporting
1 Jul 2022 Vietnam B2B e-invoicing
1 Jul 2022 Anguilla Implements 13% GST
1 Jul 2022 US Alaska potential 2% sales tax implementation
1 Jul 2022 Canada British Columbia marketplace facilitator PST liabilities
31 Jul 2022 Vietnam Completes mandatory B2B e-invoicing rollout
16 Aug 2022 Czech Reversal of COVID-19 emergency rate cuts
1 Sep 2022 Ireland Tourism and hospitality VAT rate returns to 13.5%
30 Sep 2022 Uruguay 13% tourism COVID-19 VAT cut ends
1 Oct 2022 EU EU VAT in the Digital Age proposals
2023
1 Jan 2023 EU Tourism operators margin scheme reforms proposal
1 Jan 2023 Germany Restaurant and catering return to 19% standard rate
1 Jan 2023 France Introduction of VAT group option
1 Jan 2023 UK VAT penalty regime reforms
1 Jan 2023 Hungary Potential SAF-T HU introduction
1 Jan 2023 Portugal ATUD numbering on invoices
1 Jan 2023 Greece Ends COVID-19 temporary reduced rates
1 Jan 2023 Bulgaria Hotel, trouism, health, catering 9% VAT rate ends
1 Jan 2023 Switzerland Potential VAT rise to 8.1%
1 Jan 2023 Lithuania Hospitality; sport and cultural events VAT returns to 21% rate
1 Jan 2023 Slovakia IS EFA e-invoice proposal 2023
1 Jan 2023 Serbia B2B transactions (following 2022 B2G)
1 Jan 2023 Jersey Foreign e-commerce and marketplaces into GST net
1 Jan 2023 EU DAC 7 marketplaces seller transaction reporting
1 Jan 2023 Ukraine SAF-T phased introduction
1 Jan 2023 Kuwait VAT or excise tax implementation
1 Jan 2023 Oman Potential e-invoicing introduction
1 Jan 2023 China Fapiao special invoice mandatory
1 Jan 2023 SIngapore Increases GST to 8%
1 Jan 2023 SIngapore GST exemption withdrawn on e-commerce imports
1 Jan 2023 Malaysia Sales tax on low-value import consignments
1 Jan 2023 Vietnam Crisis 2% VAT cut on basics is withdrawn
1 Jan 2023 Australia Australia PEPPOL e-invoicing 2022
1 Jan 2023 US Missouri sales tax on foreign e-commerce
1 Jan 2023 Uzbekistan Cuts VAT to 12%
1 Jan 2023 UAE Potential e-invoice implementation
1 Jan 2023 Aruba Implements 12.5% VAT
1 Jan 2023 Chile Extends VAT to many services
1 Jan 2023 Poland Mandated e-invoicing introduced
1 Mar 2023 Ireland Tourism VAT rate returns to 13.5%
1 Jul 2023 Belgium Phased B2B e-invoicing mandate
1 Jul 2023 Australia Peppol e-invoicing
1 Sep 2023 Thailand Raises VAT to 10%
1 Oct 2023 Japan Tax qualified invoices
2024
1 Jan 2024 Spain Likely start of e-invoicing rollout
1 Jan 2024 Spain Invoice software certification
1 Jan 2024 SIngapore Increases GST to 9%
1 Jul 2024 France Rollout of e-invoicing starts
2025
1 Jan 2025 EU Increased VAT rate setting freedoms
1 Jan 2025 EU VAT rate thresholds change foreign companies
1 Jan 2025 Latvia B2B e-invoices mandated

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