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

Guidance from Revenue on VAT treatment of money transfers

New guidance from Revenue on the VAT treatment of transactions concerning the transfer of money tells us Revenue’s position on the availability of VAT exemption for such service.

Schedule 1 to the VATCA 2010 provides an exemption for certain transfer of money transactions. The guidance from Revenue concerns the negotiating or dealing in payments and transfers and should be read in conjunction with Schedule 1 to the VATCA 2010.

The guidance is published on the Revenue website.