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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)
Contact VATCalc to learn how our single VAT determination, reporting and e-invoicing platform can help you manage global compliance change
2023 Europe European VAT registration thresholds & Intrastat
1 Mar 2023 Ireland Tourism VAT rate returns to 13.5%
1 Mar 2023 Belgium Electricity and heating VAT rate cut ends
1 Apr 2023 Poland SLIM VAT 3; 20 reforms to Polish regime
1 Apr 2023 Botswana VAT rate returns to 14%
1 Apr 2023 Malaysia Sales tax on low-value import consignments
1 Apr 2023 Argentina E-commerce compliance simplifications
1 Apr 2023 Guatemala Latest round of taxpayers on e-invoicing
1 Apr 2023 New Zealand Ends requirement for tax invoice
1 Apr 2023 São Tomé and Príncipe Implements 15% VAT
1 Jul 2023 Greece Ends COVID-19 temporary reduced rates
1 Jul 2023 Jersey Foreign e-commerce and marketplaces into GST net
1 Jul 2023 Malaysia Phased introduction of e-invoicing - TBC
1 Jul 2023 Australia Peppol e-invoicing
1 Jul 2023 Philippines 12% VAT on foreign digital service providers
1 Sep 2023 Thailand Raises VAT to 10%
1 Oct 2023 Japan Tax qualified invoices
1 Nov 2023 EU Tourism operators margin scheme reforms proposal
2024
1 Jan 2024 EU EU permissions on e-invoicing removed
1 Jan 2024 EU DAC7 first marketplace reports due
1 Jan 2024 Spain Likely start of e-invoicing rollout
1 Jan 2024 Belgium VAT return rule changes
1 Jan 2024 Switzerland VAT rises to 8.1%
1 Jan 2024 Germany Restaurant and catering temporary VAT cut to 7% ends
1 Jan 2024 Portugal SAF-T Accounting becomes mandatory
1 Jan 2024 Greece myData live invoice reporting via ERPs
1 Jan 2024 Slovakia IS EFA e-invoicing for B2B and B2C
1 Jan 2024 Romania Full mandatory B2B e-invoicing
1 Jan 2024 Bahrain Potential e-invoicing implementation
1 Jan 2024 UAE Potential e-invoice implementation
1 Jan 2024 SIngapore Increases GST to 9%
1 Jan 2024 Aruba Implements 12.5% VAT
1 Apr 2024 New Zealand 15% GST on gig and sharing economies digital platforms
1 Jul 2024 Belgium Phased B2B e-invoicing mandate
1 Jul 2024 Spain Certified electronic invoice software
1 Jul 2024 France E-invoice and e-reporting for B2B and B2C
1 Jan 2024 Poland Mandated e-invoicing introduced
1 Jul 2024 Bhutan Implementation of VAT
2025
1 Jan 2025 EU Single VAT Registration in the EU - extension of OSS
1 Jan 2025 EU Marketplaces deemed supplier for EU sellers' VAT
1 Jan 2025 EU Accommodation & travel platforms deemed supplier for VAT
1 Jan 2025 EU EU IOSS mandated for marketplaces
1 Jan 2025 EU Call-off stock VAT simplification ends
1 Jan 2025 EU Harmonisation of B2B Reverse Charge rules
1 Jan 2025 EU Increased VAT rate setting freedoms
1 Jan 2025 EU VAT rate thresholds change foreign companies
1 Jan 2025 EU EU VAT rule changes on cross-border virtual events
1 Jan 2025 Latvia B2B e-invoices mandated
1 Jan 2025 Indonesia VAT rate to rise 1% to 12%
2028
1 Jan 2028 EU Digital Reporting Requirements including e-invoicing harmonisation
1 Jan 2028 EU Structured e-invoices supersede paper invoices
1 Jan 2028 EU EC Sales lists replaced by Digital Reporting Requirements

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