Finance (No. 2) Act 2011 has introduced a reduced VAT rate of 9% for certain goods and services for the period 1 July 2011 to 31 December 2013. The new rate applies to certain goods and services previously liable at 13.5% including: restaurant and catering services hotel and holiday … [Read more...]
VAT on Property
May 26, 2010 By
With effect from 1 July 2008 new rules were introduced in relation to VAT on property. Below is a brief summary of these rules. Supply of property Under the new rules, in order for the supply of a property to come within the charge to VAT the property must have been developed and must be … [Read more...]
EU VAT repayment claims
October 27, 2009 By
The present system of recovering VAT on business expenses incurred in other EU countries is cumbersome, as it is carried out manually and applications must be made to the Revenue authorities in each country. Electronic processing is being introduced on 1st January 2010. This will enable … [Read more...]
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