Indirect Tax Matters

September Edition

In this edition of Indirect Tax Matters, we provide you with Deloitte commentary on topical Indirect Tax issues which we hope you find insightful. Included this month are details of the UK’s move to require digital filing for VAT purposes referred to as ‘Making Tax Digital for VAT’ (MTDfV), the second article relates to recovering VAT incurred last year in other EU countries action is required now to apply for a refund. In light of revised guidance from Revenue we have set out what and when ‘Transfer of Business’ relief applies for VAT purposes.

As the number of Revenue ‘interventions’ are rapidly increasing every year we provide an overview of the types of requests Revenue issue and how to manage these to best effect.

Businesses who issue vouchers should be aware that new VAT rules are on the way next year and we expect to see changes in the upcoming budget and finance bills.

Our regular update on recent decisions in Irish and EU VAT cases is again included. We also note and comment on recent updates issued from the Irish Revenue Commissioners on VAT and Relevant Contracts Tax (RCT) matters.
Our Indirect Tax team are acutely aware of the complex issues challenging businesses domestically and globally. Indirect Tax Matters is designed to provide insights to assist you in meeting those ever evolving challenges.

1. Making Tax Digital for VAT (MTDfV)

The UK are introducing changes to how VAT returns are filed, this article provides an overview of what this involves and how to prepare. As the first stage of MTD applies from April 2019, preparations should commence immediately to ensure that no issues arise.

2. Incurred VAT in another EU country in 2017? If so, it’s time to file your refund claim

The deadline for submitting an EU VAT refund claim in respect of 2017 is fast approaching, Conor Walsh explains what should be done NOW.

3. Transfer of Business Relief - What is it and what has changed?

In light of recently revised guidance from Irish Revenue, Christopher Connolly provides a refresher and a high level overview of the VAT ‘Transfer of Business’ relief rules, when and how it applies and what changes there are in Revenue’s view as to the application of the relief.

4. Revenue Compliance interventions – How to manage

Irish Revenue carry out a significant number of Compliance Interventions. If you are selected you should remember is that there is often a reason. Eithne Lunn explains the nature and range of interventions carried out and what immediate steps should be undertaken.

5. Vouchers – New VAT rules are looming

Conor Walsh explains what the new VAT rules are, when they come into force and what impact this will have on Vouchers going forward.

6. Recent Irish and Court of Justice of the European Union Cases

Learn how CJEU cases could potentially impact your business with our brief synapsis of some of the more recent decisions.

7. Our view on recent updates from Irish Revenue and EU Commission

Discover our insights as we reflect on ‘ebriefs’ and guidance notes issued by the Irish Revenue Commissioners on Indirect Tax issues

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