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 […]
This additional problem follows the series of infringement proceedings taken by the European Commission against France, Spain, Greece, Finland, Czech Republic Italy, Portugal and Poland in connection with the operation of TAMS. The decision reached following these proceedings is that wholesale supplies of travel services should be included as a margin scheme supply. The decision has not been warmly welcomed and other EU Member States have been slow in progressing the matter
I understand that during a conference last week on this forthcoming change HMRC confirmed that only businesses currently registered for VAT will be entitled to avail of the scheme. This places the smaller businesses in the UK that are not registered for VAT at a disadvantage as although they may be ineligible for registration in the UK they will, at the same time, have an requirement to register in other EU Member States as there is no VAT registration turnover threshold for the other EU jurisdictions thus forcing them into the VAT net.
This case is reminiscent of those great rugby matches which ebbed and flowed, teetered and rumbled until, at the death, reason prevailed and the form side came through. The travel industry, and other industries where intermediaries play such a high profile role, have been waiting for this decision for five years as this case has […]
The Irish Revenue has released two e-briefs of note on VAT both of which focus on the application of the exemption of VAT for certain supplies. Revenue eBrief no. 57/13 continues the thread of discussion on the provision of medical services by looking to firmly establish the position for home care providers and the involvement […]