The VAT Practice,
The White House, Cloncorban, Rossmore, Clonakilty,
Co. Cork
Principal: Nicholas Ryan
Tel: +353 (0)23 8838181
Mob: +353 (0)83 3340324
Fax: +353 (0)23 8838181
Email : info@thevatpractice.ie
Welcome to the VAT Practice blog. Our aim is for our blog to provide you with access to: Hot topics – which features regularly updated information, ideas and comment from The VAT Practice on Irish and international VAT issues. Talk to us – businesses can provide comment on our articles in Hot Topics and enter […]
EU has supported Hungary’s 2% increase in the higher rate to 27%.
– Italy has increased its higher rate by 1% as part of its austerity package.
– Greece, under its austerity measures, has shifted the VAT liability of supplies of food and soft drinks (including water) to the higher rate of 23% with effect from 1 September 2011.
– Portugal is to consider a further increase of 2% of its higher rate to 23%.
This appears on the surface to be of little importance though it is the consideration of a number of European Court of Justice decisions as to what constitutes a letting.In essence we have a renewed position of the license vs. Lease position
Over the past months we have seen a number of exploratory moves by Revenue including approaches in the food sector, as to the VAT treatment of smoothies and within the retail sector, over the application of cash tills for accounting and, particularly within the corner shop/confectioner area, a focus on both hot and cold food and the margins and mark ups applied.
This workshop will focus on providing a refresher for accountants on key VAT issues. Topics to be covered will include:
– VAT and property – current issues
– Crossborder supplies of goods and services, inc the rise of e-trading, the VAT package and the reverse charge procedure
– Revenue audits and aspect reviews