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

Statutory Instrument: SI 2011/1071 and Explanatory Memorandum Now Published

The above legislation has now been published, Article 2(2) of which amends article 5(1) of the 1992 VAT (Input Tax Order) which originally restricted recovery of VAT charged on business entertainment for an overseas customer.

Recovery will now be possible when it is of a kind and on a scale which is reasonable in all the circumstances.

The legislation and explanatory memorandum can be accessed at http://www.legislation.gov.uk/uksi/2011/1071/contents/made