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 […]
The VAT Practice has been established for over ten years in Ireland. We provide a complete range of services on all Irish, UK and International VAT and Indirect Tax issues. Having established our practice during a period of recession, we are extremely focused on delivering a first class, timely, professional and value-based service, where cost and quality are key.
With this in mind, we have developed this highly innovative method of delivering high quality, specialist VAT advice for a fraction of the cost more commonly associated with our competitors.
The VAT Technical Support Service is a monthly subscription service providing you with unlimited access, by telephone and email, to bespoke specialist VAT advice, delivered within a guaranteed response time of 48 hours.
I understand that Revenue has established a new audit team, based on Kilkenny but to work nationally, which is to focus on the motor trade specifically looking at those dealers involved in cross border purchases of vehicles.
You may recall an earlier nationwide investigation in 2015/16 which created major problems for many motor dealers when Revenue, utilising minimal, if not questionable, evidence successfully challenged the VAT treatment of high levels of motor vehicles purchased from the UK originally categorised as margin sales with Revenue concluding the status was qualifying. This simple process resulted in significant assessments being raised though it is unclear as to the success rate of same.
We are considering holding VAT training workshops in September 2019 as follows:
VAT Workshop for Accountants, Book keepers and Financial controllers: Key VAT issues
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 impact of Brexit, the rise of e-trading, the VAT package and the reverse charge procedure
– Revenue audits and aspect reviews
– “You pick the topic” here we are happy to suggestions from those attending and we will pick the most popular topics to include in the session.
The workshop will encompass walk through examples for each topic.
Given the resounding negative reaction to Theresa May’s “new deal” WAB it is now becoming more evident that the road to Brexit will be a hard one. Brexit, whether hard or soft, has significant implications for businesses in relation to VAT and Customs. We have been working, with a number of businesses in considering the implications of Brexit, identifying a range of issues that require careful planning in order to minimise the impact on margins through the implementation of strategic changes.