VAT / VIES Changes
VAT
From the 1st of January 2010 the Irish VAT Rate will be reverting back to 21% from the current VAT Rate of 21.5%.
Please select your product below to view details on how changes will need to be made on your accounts package.
VIES
From the 1st of January 2010 a new EU Directive
will come into Law for Supply of Services, Intra-Community Refunds
and Anti-Fraud Measures.
The main areas of change are:
-
Place of Supply of Serices Rules
- Intra-Community Refunds of VAT
- Anti-Fraud Measures/VIES Statements
In addition, from the 1st of January 2010
VIES returns must, as a general rule, be made by traders on a
monthly basis.
Member states will nevertheless still be able to
authroise traders with less than EUR 50,000 supplies of goods per
quarter (EUR 100,000 up to 31st December 2011) and all service
suppliers to make quarterly VIES returns.
For additional information please see Revenue's website: http://www.revenue.ie/en/customs/businesses/vies-update-feb09.html