Transfer of Business Relief

revenue1The Revenue Commissioners published an updated Information Leaflet on Transfer of Business Relief (section 20(2)(c) and 26(2) VAT Consolidation Act 2010) on 10 July 2014. Key changes have been made to paragraph 10.6 of the leaflet in relation to the transfer of let properties. For more detail, please read the attached leaflet. Click here.

VAT Return of Trader Details (RTD)

revenue1Revenue have advised that a substantial redevelopment of the current RTD filing system will be delivered in a number of stages, commencing in the period late-2013 to early-2014. The proposed changes to the RTD will include a simplified RTD format in ROS, while the paper-based RTD filing option which is currently available for a very limited number of approved VAT traders will cease. Continue reading

VAT Treatment of Dances

revenue1An updated leaflet on the VAT Treatment of Dances has been published by Revenue. The promotion of and admission to dances is liable to VAT at the standard rate. For VAT purposes a dance includes all public dances, that is, functions or gatherings where the principal activity is dancing, and which are open to the public on payment of an admission charge, or on pre-purchase of a ticket. Examples of what constitutes a dance are functions arranged and promoted as dances, and activities consisting of dancing carried on in nightclubs, discotheques, public houses, and similar establishments. Click here.

VAT Treatment of eServices & Broadcasting

revenue1Important changes concerning the VAT rules relating to eServices and Broadcasting will come into effect on 1 January 2015. A new scheme, the Electronic Services Scheme (ESS), relating to such supplies made by suppliers established outside the EU to private individuals in the EU will also be introduced. The VAT Information Leaflet outlining these changes “eServices and Broadcasting” has been published by Revenue. Click here.