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 […]
Following a long and drawn out case by a number of leading opticians supported by the Opticians association the VAT treatment of optician’s services changed once again as confirmed by Revenue e-brief 37/2007. Following the High Court decision we experienced the confusion of Revenue’s initial interpretation that the services provided were considered to be a composite supply of spectacles.
Over the past year there have been a number of e-briefs issued on VAT and we propose to cover the more interesting ones in following issues. Released on 1 October is the revised or New Code of Practice for Revenue Auditors.
It is only some ten months ago since Revenue introduced a radical set of changes for the treatment of tour operator’s supplies under the introduction of the Tour Operators Margin Scheme, TOMS. Although the introduction of the scheme was a measure to bring Ireland in line with EU practices it has brought with it some confusion particularly in regard to its application and who is affected by it.
The new rules for VAT on property were introduced in January 2008, since then, with the economic downturn and the collapse of the property/construction sector it is easy for businesses to forget these changes are in place and their impact of business change such as restructuring, reorganisationand asset disposal.