- Ireland’s tax authority is seeking feedback on implementing a real-time VAT invoicing and reporting system.
- The consultation is focused on modernizing business-to-business and business-to-government VAT reporting with electronic invoicing.
- The proposed changes align with the EU’s VAT in the Digital Age proposal, which aims to implement mandatory digital VAT reporting and invoicing.
- The consultation is asking for input on transitioning to a new reporting system and any other relevant matters.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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