VAT Treatment of Gift Vouchers post 1 January 2019

In June 2016, the Council of the European Union adopted Council Directive (EU) 2016/1065 (“the Voucher Directive”) to simplify and harmonise the VAT rules applying to vouchers across the EU. The Directive aims to eliminate mismatches in national tax rules, which may...

Tax Considerations for Growing Companies

We are currently advising many Irish SMEs that are going through strong growth, notwithstanding uncertainties that surround Brexit. As companies expand their operations, enter new geographic and / or product markets, there are many good commercial reasons why the...

VAT Annual Return of Trading Details

Each year, Irish VAT registered businesses are obliged to file a Return of Trading Details (RTD) with Revenue. The RTD is a summary of the supplies of goods and services, imports and purchases of the business giving rise to deductible input VAT broken down by the...

Changes to the VAT treatment of Vouchers from January 2019

The VAT treatment of certain gift vouchers will change with effect from 1 January 2019. At present, the general rule is that the issue of a voucher to a consumer is not subject to VAT in Ireland. VAT arises when the voucher is redeemed by the consumer to acquire goods...

VAT Pitfalls when Selling Commercial Property

When selling a property, businesses should consider the VAT treatment of the sale and potential related VAT costs early in the sale process and ideally in advance of negotiating the heads of terms. If this is not done, there is potential for conflict between the...

Start Up Refund for Entrepreneurs – SURE

The Start Up Refund for Entrepreneurs is a very valuable income tax refund for start up business owners. Click here to read our article published in Fora.ie which provides useful information about who might be eligible for the...