Welcome

Wednesday, October 14, 2009

by Nick Ryan

Welcome to the VAT Practice blog. Our aim is for our blog to provide you with access to: Hot topics – which features regularly updated information, ideas and comment from The VAT Practice on Irish and international VAT issues. Talk to us – businesses can provide comment on our articles in Hot Topics and enter [...]

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Revenue Code of Practice and, the need for self policing

Friday, September 15, 2017

by Nick Ryan

Following the introduction of the Revenue Code of Practice for Revenue Audit and Other Compliance the necessity for VAT registered businesses to increase their self policing of the tax has increased significantly.
With the draconian measures introduced covering the determination and imposition of penalties and the dramatic shift from discussion and negotiation to submission and imposition Revenue have clearly taken the upper ground over the tax payer and we have seen more and more instances of Revenue immediately seeking to impose the maximum penalty irrespective of the issue in hand or the level of VAT at stake.
In conjunction with his the rule of thumb over issuing assessments appears to also shifted away from considering the case on materiality and significance to assess, assess, assess.

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Distance sellers: HMRC policy change and the interpretation on Place of Supply

Friday, September 15, 2017

by Nick Ryan

HMRC have recently announced a policy change for the Place of Supply of delivered goods to consumers within the EU to provide for a clearer interpretation or definition on what constitutes delivered goods under the Distance Sales regime. This change has been made following discussion with the VAT Committee of the European Union and therefore the decision does carry some significant weight. The change provides a clear signal to businesses operating within the distance selling sector that they should review their current arrangements, VAT treatment and compliance approach to ensure they are fully compliant. It is understood that other EU tax authorities are supportive of HMRC’s policy change.

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Finance Act 2015, VAT exemption for educational services and the curious incident of the Revenue Tax and Duty Manual, Education and Vocational Training

Friday, September 15, 2017

by Nick Ryan

Revenue finally released its guidance document under Revenue E-brief 37/17 in April 2017. The guidance document made one dramatic announcement in its introduction that, under Note 1, where a provider of vocational training meets specific conditions under paragraph 4.1 then they qualify under the exemption and there is no requirement that the provider be a recognised body.
I might be reading this incorrectly but the amended legislation as enacted clearly states that a provider of vocational training has to be a recognised body whereas the Revenue Commissioners’, the representatives of the enforcement of this legislation, are stating that this is not the case.

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VAT Technical Support service launched: unlimited access from €95 per month

Thursday, April 13, 2017

by Nick Ryan

The VAT Practice has been providing leading edge VAT support services to accountants and SME/OMB’s in Ireland and the UK for over seven years. We have developed a unique support service that provides access to VAT specialist advice for as little as €95 per month AND also provides fee based rewards and benefits. This is [...]

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