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Here you can access relevant source documents which support the summaries of key tax developments in Ireland, the UK and internationally

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VAT Invoicing Arrangements

The Revenue statement regarding invoicing arrangements is as follows:

Pursuant to Regulation 3D (inserted by the Value-Added Tax (Invoices and Other Documents) (Amendment) Regulations 2003, S.I. No. 723 of 2003) of the Value-Added Tax (Invoices and Other Documents) Regulations 1992 (S.I. No. 275 of 1992), the Revenue Commissioners have agreed that simplified arrangements regarding VAT invoicing may be applied in relation to supplies of goods and services, which have been acquired using Corporate Purchasing Cards 4. The VAT amount, or information needed to issued by Credit Card companies.

In accordance with these arrangements, a VAT deduction may be claimed by a taxable person in respect of VAT borne on taxable goods and services, on the basis of the monthly statement received from the relevant Credit Card company, subject to the following information being contained in the statement:

  1. The date of issue of the statement.
  2. The date of the transaction relating to the supply of the goods and/or services.
  3. The identification of the supplier and the type of goods and/or services supplied.
  4. The VAT amount, or information needed tocalculate it, relating to the goods and/or services received. The simplified invoicing arrangement has been agreed on the basis that it will assist business activity in circumstances where commercial, technical or administrative practices make it difficult to comply with general VAT invoicing requirements and where the amount on an invoice is minor. Credit Card companies, which have Corporate Purchasing Card schemes, must satisfy their customers that the simplified VAT invoicing procedure in operation by the Company has been approved by the Revenue Commissioners.