VAT Notes for Guidance – Finance (No. 2) Act 2023: Changes and Updates

• Value-Added Tax Notes for Guidance for the Finance (No. 2) Act 2023 are available on the Revenue website
• Section 57 defines the Principal Act as the Value-Added Tax Consolidation Act 2010
• Section 58 amends the registration thresholds for VAT, increasing them for goods and services
• Section 59 extends the temporary period for the reduced VAT rate of 9% for supplies of gas and electricity
• Section 60 repeals section 51 of the Value-Added Tax Consolidation Act 2010 and makes amendments to section 120(6)(c) and (d)

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.

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