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

VAT Update in EU

The EU issued a press release advising that the EU Council has extended the Directive on eServices.

According to the press release, the Council adopted a Directive amending Directive 2006/112/EC on the common system of Value Added Tax by extending the period of application of VAT arrangements for radio and television broadcasting services and certain electronically supplied services until 31 December 2008.

Also, the press release advised that the Directive requires the levying of VAT on the provision of such services from third countries. Its adoption follows an agreement reached by the Council at its meeting on 28 November.

The VAT rates applicable in Bulgaria and Romania have been published on the Commission website.