Revenue E-Brief Issue 11, 15 February 2011
In e-Brief No. 3/2006 Revenue drew attention to the proposed EU Commission review of the provisions in the Sixth VAT Directive relating to financial and insurance services.
The EU Commission has now drawn up a provisional timetable for the review as follows:
As already indicated in e-Brief No. 3/2006, existing Revenue practice in relation to the VAT treatment of financial and insurance services will continue to apply pending the EU Commission review. Further developments will be announced as they unfold.
Revenue will be happy to receive comments or suggestions on the Commission consultation document from interested parties. These should be forwarded to Clare Robson (email to crobson@revenue.ie) or Donal Barry (email to dbarry@revenue.ie).