TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Value-Added Tax – Bad Debt Relief

Revenue published a new VAT information leaflet Bad Debts (excluding hire-purchase) on their website. The leaflet sets out the VAT relief available for bad debts written off, the conditions to be satisfied and how the relief should be calculated and claimed.

Paragraph 14 of the leaflet replaces the contents of the paragraph headed ‘Bad Debts’ in Tax Briefing No. 51 and has been incorporated as paragraph 14.1 in the leaflet Transfer of Business.

The new VAT Information Leaflet Bad Debts (excluding hire-purchase) can be accessed below at 2.04.