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
Cut from 13.5% to 9% extended for third time until 31 August 2023 Irish Ministers are expected to confirm today that there will be a third extension of the hospitality and tourism reduced VAT rate from 13.5% to 9%. This latest extension will be until
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
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
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
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
Following the introduction of Postponed VAT Accounting – a deferment scheme for import VAT – the Irish Ministry of Finance has provided further restrictions . PVA allows Irish VAT registered entities to avoid paying import VAT on goods coming into the country. It was implemented
Ireland has cut the VAT rate on electronic books from 23% to 9%. The new rate will apply from 1 January 2019. This follows agreement by the 28 EU member states to allow the setting VAT rates on e-books and audio books at the same
Ireland tax rises to support Corporate Tax rate Ireland has increased its standard Value Added Tax rate from 21% to 23% from 1 January 2012. This follows the major economic dip suffered following the 2007/08 financial crisis and subsequent Euro currency crisis. The main reduced
