Ireland Releases New VAT Guidance for Cost Sharing Groups

• Irish Revenue releases new Tax and Duty Manual on VAT treatment of cost sharing groups
• Exemption from VAT applies to supplies by Cost Sharing Groups (CSGs) in certain circumstances
• Exemption applies when CSGs consist of two or more persons with exempt and/or non-business activities operating in the public interest
• CSGs form separate, independent groups to supply themselves with certain services at cost and exempt from VAT
• Exemption aims to facilitate collaboration and resource sharing among businesses without VAT costs
• Exemption does not apply to supply of goods or VAT exempt activities not in the public interest
• Guidance provides conditions for accessing the exemption and includes examples.

Source: answerconnect.cch.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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