Deadline Approaching - Section 56B Authorisation 

If you are a VAT registered business supplying goods to other EU countries (intra-community supplies), exporting goods to countries outside the EU, or, making supplies of certain contract work and these combined supplies amount to 75% or more of your total annual turnover you may apply to Revenue to obtain Section 56B authorisation.

Such authorisation entitles you to receive most goods and services from suppliers with a zero-rate of VAT applied. This zero rating also applies to import VAT.

VAT Groups can also avail of the scheme where the group as a whole qualifies.

Revenue issue a Section 56B authorisation for periods varying from one to three years, renewable on 31st October. For businesses that currently hold an existing Section 56B authorisation, your current authorisation may be due to expire on 31st October this year.

We are happy to assist businesses who either may qualify for a Section 56B authorisation with renewing their application or those who wish to apply for the first time in the application process.

Should you have any queries or would like our assistance obtaining a Section 56B authorisation, please contact the VAT team in Deloitte.