- Revenue published key findings from public consultation on modernizing Ireland’s VAT administration
- Majority of responses were from VAT registered businesses, with 54% operating as sole traders or partnerships
- Most business respondents had annual turnover not exceeding €700,000
- Businesses emphasized cost-effective implementation with minimum disruption
- Importance of maintaining robust controls and data security measures highlighted
- Further consultations and public engagement will follow as reform proposals are developed
- CCAB-I will continue to work with Revenue on the project via TALC Indirect Forum and TALC VAT Modernisation Subgroup
Source: charteredaccountants.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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