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 […]
consultation on how the European Union’s VAT system can be improved and strengthened. The period of consultation lasts until 31 May 2011.
Revenue target hot food sales by retailer grocers: We have heard that Revenue have targeted a number of retail grocers paying particular focus of the sales made of hot cooked food.
Has one of your clients received a letter from Revenue requesting information about a range of supplies or a particular transaction? For those that have ignored the seriousness of the request the costs can be significant. A key point to remember that these letters can provide Revenue with the facility to open a Revenue audit which can in itself be a significant cost in time for a business without considering the potential financial cost and audit can also produce.
For businesses trading globally there are increased VAT reporting and accounting requirements and with these a requirement to manage these obligations. By not doing so then there are implications for increased penalties, interest and disruption costs for a business together with a potential damage to a business’s reputation.