- EU VAT SME Scheme from January 1, 2025: The Irish Revenue eBrief No. 315/24 explains that Irish businesses can now utilize VAT registration thresholds in other EU Member States, avoiding immediate VAT registration when making cross-border supplies.
- Eligibility Criteria: To qualify, an Irish business must be VAT-registered in Ireland, not exceed the turnover thresholds of the other Member States or the EU-wide threshold of €100,000, and must file quarterly reports.
- Optional Participation: The scheme is optional, allowing businesses to choose whether to apply normal VAT rules or opt for the SME scheme for their cross-border transactions.
Source Orbitax
Latest Posts in "Ireland"
- Revenue Issues New VAT Guidance and Updates for Finance Act 2025 Changes and Apartment Construction
- Reduced 9% VAT on Gas and Electricity Extended Until December 2030 for Affordability
- Irish Revenue Updates VAT Group Rules: Key Changes for Cross-Border Businesses Effective 2026
- Irish Revenue Updates VAT Guidance for Qualifying Apartments under Finance Act 2025
- Ireland Updates VAT Guidance: New Rates, Rental Income Taxation, Exemption Changes, and Fund Management Rules
