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 treatment of research services

Revenue has updated their VAT Manual to set out the VAT treatment applying to research services carried out by Third Level Educational Bodies.

Per eBrief 41/15, guidance is also provided on the VAT treatment applicable to funding received from the European Commission under their current Framework Programme, Horizon 2020. Payments made under the Horizon 2020 programme are outside the scope of VAT and therefore the research body has no entitlement to deduct input credits in respect of those research activities.