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

Clarification on Completion of Form VAT 3

Revenue provided clarification to Chartered Accountants Ireland on completion of the relevant sections of the Form VAT 3 in respect of international transactions under the TALC Indirect forum. Readers may find this clarification of some assistance when completing the Form VAT 3.

Revenue’s clarification states as follows:

Outward supplies

Box ES1: Include the value of VATable reverse charge services out to other EU business recipients only.

Box ES1: Do not include the value of any exempt services unless the services are taxable where received.

Box ES1: Do not include sales that are subject to Irish VAT e.g. to private customers elsewhere in the EU.

Inward supplies services that are taxable where received

Box ES2: Include the value of VATable reverse charge services acquired from other EU business suppliers

Box ES2: Exclude the value of any exempt services received from EU suppliers (such as insurance, exempt financial transactions)

The Form VAT 3 must be completed and submitted via the Revenue Online Service (ROS). Further information on the Form VAT 3 is available from the Revenue website.