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Ireland to restrict VAT credits

  • VAT
  • 19 July 2014 | Richard Asquith

Ireland to restrict VAT credits

The Irish Revenue Commissioners has confirmed that it is to restrict the repayment of VAT credits where there are balances of previous tax liabilities outstanding.

Where Irish VAT registered businesses submit a VAT credit claim, which is where they have an excess of input VAT over output VAT, if they have an annual outstanding Return of Trader Details filing due with tax, then the credit will not be processed.

The Commissioners have also issued a new Return of Trader Details form.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.