- The Irish Revenue Commissioners released Revenue eBrief No. 298/24 on December 5
- The guidance addresses VAT treatment of share transactions and trading platforms
- It refers to Paragraphs 6(1)(a) and 7 of Schedule 1 of the VAT Consolidation Act 2010
- Key topics include the definition of a share transaction
- Sales, transfers, or trading of shares in business and new share issues for raising capital are exempt from VAT
- Costs related to sales, transfers, or trading of EU shares are not deductible, but costs for non-EU shares are deductible
- Agency or negotiation services for share transactions, like trading platform matching services, are VAT exempt with some exceptions
- Trading platform connection fees are taxable unless they are considered ancillary
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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