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

Charities VAT Compensation Scheme – Guidelines

Revenue’s Charities VAT Compensation Scheme – Guidelines for Charities has been updated to reflect revised guidance for submission of claims.

The updates are:

Section 4: Total Income explained – regarding funds that are collected by one qualifying charity on behalf of another qualifying charity and the circumstances in which funds should not be included in the Total Income calculation.

Section 5: Qualifying Income – includes examples of non-public funding for the purposes of this Scheme.

Section 9: Submitting a claim – details of the criteria for submitting a claim under this Scheme have been moved to the first paragraph for ease of reference.