- A new Tax and Duty Manual has been published regarding the VAT treatment of negotiation services in financial services
- The manual provides guidance on the conditions that must be met for a negotiation or agency service to exist
- The supply of agency or negotiation services in financial services specified in the VATCA 2010 is VAT exempt, subject to certain conditions
- Simply labeling a service as “agency” or “negotiation” is not enough for VAT exemption, it depends on the services provided and the relationship between parties
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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