- The Irish Revenue Commissioners issued Revenue eBrief No. 297/24 and VAT Notes for Guidance on Finance Act 2024
- VAT registration thresholds increased to 85,000 euros for goods and 42,500 euros for services
- 9 percent VAT rate applied to the supply and installation of low emissions heat pump heating systems
- 9 percent VAT rate extended on the supply of gas and electricity until April 30, 2025
- VAT on food, drink, accommodation, or other personal services not recoverable except in specific circumstances
- Fixed penalty of 4,000 euros may be imposed under various circumstances
- Measures to take effect from January 1, 2025
Source: news.bloombergtax.com
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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