- Revenue has defined a “large corporate” for Phase One of Ireland’s VAT Modernisation as any VAT-registered business managed by Revenue’s Large Corporates Division, regardless of turnover or employee numbers.
- From 1 November 2028, these large corporates must issue structured electronic invoices for domestic B2B transactions and transmit specific invoice data electronically to Revenue.
- All VAT-registered businesses in Ireland, regardless of size, must be able to receive structured eInvoices from that date.
- Affected businesses should prepare by reviewing invoicing systems, ensuring ERP data accuracy, and engaging with software providers for compliance.
- Revenue will provide further guidance and communicate directly with impacted businesses as implementation progresses.
Source: meridianglobalservices.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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