Irish Revenue issued eBrief No. 059/24 on a new Tax and Duty Manual (TDM) – VAT treatment of negotiation services in respect of financial services, providing guidance on the VAT exemption for negotiation services in financial services. The TDM outlines conditions for VAT exemption, including the requirement that the service must facilitate a contract between two parties without the intermediary having any personal interest in the contract. It also clarifies that simply labeling a service as “agency” or “negotiation” is not enough for VAT exemption, and the exemption depends on the actual services provided and the relationship between the parties.
Source Orbitax
Latest Posts in "Ireland"
- 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
- VAT Treatment of Room Hire: Standard Rate Applies from January 2026 in All Venues
- Updated VAT Guidance for Qualifying Apartments, Construction, and Related Services Following Finance Act 2025
