- Revenue confirmed that large corporates for phase one of VAT modernisation are VAT-registered businesses in Ireland managed by the Large Corporates Division.
- From 1 November 2028, these businesses must implement mandatory eInvoicing and report certain data for domestic B2B transactions.
- All businesses must be able to receive structured eInvoices from 1 November 2028.
- Large corporates are advised to prepare now by reviewing systems and engaging software providers for eInvoicing compliance.
- Only eInvoices compliant with European Standard EN16931 will be accepted; PDFs and unstructured formats are not allowed.
Source: charteredaccountants.ie
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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