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Irish VAT update

  • VAT
  • 02 January 2016 | Richard Asquith

Irish VAT update

The latest Irish Finance Act 2015 has introduced a number of VAT changes. These include:

  • Confirmation that VAT refund claims must be submitted within four years of the taxable supply
  • Clarification that export services provided to offshore gambling companies are VAT exempt
  • Exclusion of new means of transport from the VAT margin scheme for dealers
  • Right for the tax office to make public reasons for the cancellation of a VAT registration
  • The introduction of the domestic reverse charge on the provision of wholesale power, electricity and gas supplies. This measure eliminates the cash payment of VAT on such supplies in order to help prevent suspected VAT fraud.
  • Changes to VAT on the capital goods scheme, which spreads VAT payments over the life of a purchased or self-supplied capital asset. The changes include an anti-avoidance claw back on the supply to a connected party where the VAT is lower than the amount deducted

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.