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 Information Sheet 08/11 Updated

The above information sheet has been updated for the simplified method of calculating VAT on private use of company cars, dealer demonstrator vehicles and rental cars. This update takes into account the change to the standard rate of VAT on 4 January this year.

The Information Sheet should be applied when using the simplified method of calculating VAT on private use of company cars, demonstrator vehicles and rental cars, otherwise known as the ‘car averaging’ calculation. VAT Information Sheet 07/09 which sets out changes to the value based bands in the car averaging calculation should be read in conjunction with Information Sheet 08/11.