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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: Factoring and Invoice Discounting

eBrief No. 52/2008 clarifies Revenue's position on the VAT treatment of factoring and invoice discounting following the High Court judgment in the judicial review proceedings in the case of Hagemeyer Ireland plc and the Revenue Commissioners.

Tax Briefing No. 59, which was published in April 2005, contained an article on the VAT treatment of factoring and invoice discounting.

Following the High Court Decision in the Hagemeyer case, Revenue have undertaken a general review of the processes and the legal form of the factoring and invoice discounting arrangements operated in the Irish market.

The Revenue updated position is available at http://www.revenue.ie/leaflets/vat-treatment-of-factoring-and-invoice-discounting.pdf