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

Operation of the Travel Agent's Margin Scheme: S.I. No. 289 of 2009

The Revenue has introduced regulations (Statutory Instruments No 289) for the purposes of implementing the Travel Agent's Margin Scheme as announced in F(No2)A 2008. These Regulations come into effect on 1 January 2010.

The Travel Agents Margin Scheme in broad terms provides that from 1 January 2010 “Travel Agents” will pay VAT on the profit margin realized on the supply of the travel package.

Full details of the regulation is available at http://www.revenue.ie/en/practitioner/law/statutory/index.html#section2009