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 Deductible Apportionment (Section 45)

This measure was not announced in Budget 2017 but amends section 61 VATCA 2010 to state that where a business carries out taxable and non-taxable activities and claims proportionate VAT deductibility, the primary apportioning method used should be based on turnover. However where the turnover method does not reflect the use of overhead costs, alternative methods of apportionment can be used.