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 Regulations 2009 – S.I. 577 of 2009

The Revenue Commissioners have made Regulations concerning the operation of VAT which amend the Value-Added Tax Regulations 2006 (S.I. No. 548 of 2006).

In brief, the Regulations, which came into effect on 1 January 2010:

  • update Regulation 14 in relation to VIES statements;
  • update Regulation 23 in relation to the refund system for foreign traders;
  • clarify the time period during which the rule regarding connected parties applies in relation to bad debt relief under Regulation 16A;
  • amend Regulation 31 in relation to invoices issued for second-hand means of transport during the transitional period (1 January 2010 to 30 June 2010).

A copy of the Regulations is available here.