- Irish Revenue Commissioners published a Tax and Duty Manual on VAT treatment of negotiation services in financial services
- Manual clarifies conditions for VAT exemption for negotiation or agency services
- Key points include nature of service, relationship between parties, and distinct act of mediation
- Examples include services related to stock, payments, debts, and credit
- VAT exemptions are to be interpreted narrowly and businesses should review their activities to ensure compliance with Revenue’s current view
Source: bdo.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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