The Revenue Commissioners have made Regulations concerning the operation of VAT which amend the Value-Added Tax Regulations 2006 (S.I. No. 548 of 2006).

In brief, the Regulations, which came into effect on 1 January 2010:

• update Regulation 14 in relation to VIES statements;
• update Regulation 23 in relation to the refund system for foreign traders;
• clarify the time period during which the rule regarding connected parties applies in relation to bad debt relief under Regulation 16A;
• amend Regulation 31 in relation to invoices issued for second-hand means of transport during the transitional period (1 January 2010 to 30 June 2010).

A copy of the Regulations is available here.