Update to Charities VAT Compensation Scheme Guidelines: Increase in Annual Fund Cap

• The Charities VAT Compensation Scheme Guidelines have been updated.
• The annual capped amount of the Charities VAT Compensation Scheme fund has increased to €10m.
• The scheme applies to VAT paid on expenditure from January 2018 onwards.
• Refunds will be paid one year in arrears.
• Charities can claim a refund of a proportion of their VAT costs based on their level of non-public funding.
• Claims will be paid on a pro rata basis if the total amount of eligible claims exceeds the capped amount.
• Information on the scheme is available on the Revenue website.

Source: revenue.ie

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.

---

---