- Only establishments located in Ireland can now be members of Irish VAT groups.
- This change is effective immediately for new VAT groups and must be implemented by existing groups by 31 December 2026.
- The update aligns Irish VAT grouping rules with EU case law and the majority of EU Member States.
- Non-Irish head offices or branches can no longer be included in Irish VAT groups; transactions with them are now subject to normal VAT rules.
- The change particularly impacts financial services and investment management businesses with overseas branches or establishments.
Source: maples.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.
Latest Posts in "Ireland"
- Irish Revenue Clarifies VAT Recovery Rules for Employers Managing Occupational Pension Schemes
- Ireland Clarifies VAT Deductibility Rules for Insurance, Reinsurance, and Investment Activities
- Irish Revenue Clarifies VAT Rules for Pension Regimes: Employer Contributions, Deductions, and Tripartite Agreements
- New VAT Guidelines for Management of Pension Schemes Published
- New VAT Guidelines for Establishing and Managing Pension Schemes Released
