TaxSource Total

Here you can access relevant source documents which support the summaries of key tax developments in Ireland, the UK and internationally

Source documents include:

  • Chartered Accountants Ireland’s representations and submissions
  • published documents by the Irish Revenue, UK HMRC, EU Commission and OECD
  • other government documents

The source documents are displayed per year, per month, by jurisdiction and by title

Revenue e-Brief No. 12/2007

VAT On Property Review Project

Further to Revenue eBrief no. 54 dated 18 December 2006, the Revenue Commissioners have today published the report ‘Economic Assessment of the Effect of Proposed Changes to VAT on Property’ on the Revenue website. This report has been produced by Goodbody Economic Consultants for the Property Review Project.

A copy of the Goodbody report is available here.

The Revenue Commissioners, over the last two years, have carried out a review of the current system of applying VAT on property transactions. The review recommends significant changes to the system.

A copy of the final VAT on Property Review Project report can be accessed here.

In the Summary of 2007 Budget Measures-Policy Changes, the Minister for Finance indicated that it was planned to engage in a wide consultation process with interested parties before deciding on any changes to the VAT treatment of property transactions. A document outlining the consultation process may be found on the Department of Finance website under ‘Consultation Processes’.