Latest news from Ireland

BREXIT NEWS: Ireland proposes postponed accounting for import VAT

In the event of a no-deal Brexit, the Irish government is proposing to implement postponed import VAT accounting. This will allow all companies who import goods from the UK into Ireland, to avoid having to pay VAT on the clearance of their goods into the country. Instead, the import VAT amounts will be postponed to… Read More

Ireland increase VAT rate applied to food supplements from 1 March 2019

From 1 March 2019, Ireland will raise the VAT rate applied to food supplements (including vitamins, minerals fish oils etc.) to 23%. This is due to the Irish Revenue recently confirming that they no longer consider these types of supplies as foodstuffs and therefore they will be reclassified from the zero to the standard VAT… Read More

Ireland implement rule changes for the VAT treatment of vouchers

From 1 January 2019, the Irish tax authorities amended their VAT legislation relating to the Value Added Tax (VAT) treatment of vouchers. This change follows the EU Voucher Directive amendments which harmonised the VAT treatment of vouchers across the EU and will affect retailers with promotional or loyalty programs in the country. Our previous article… Read More