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

Revenue & Customs Brief 09/11

The above recently published Brief announces a four week consultation on draft legislation proposed to amend the VAT treatment of business entertainment expenses.

The change intends to remove the restriction of the right to recover VAT incurred on the business entertainment of overseas customers as explained in detail in Revenue & Customs Brief 44/10. The purpose of Brief 9/11 is to expose the draft legislation for comment.

Subject to consultation, HMRC intend that the changes will be introduced on 1 May 2011.

Brief 9/11 can be accessed at http://www.hmrc.gov.uk/si/draft-si-vat-input-tax.pdf