- Revenue responded to concerns about VAT reverse charge on property transactions
- Issue involved interaction of VAT and Relevant Contracts Tax (RCT)
- Revenue addressed various scenarios, noting that RCT application depends on facts and contracts
- Supplier responsible for VAT accounting, but recipient must account for VAT under reverse charge if RCT applies
- VAT on sale of land should be accounted for by supplier, VAT on construction operations by recipient under reverse charge mechanism
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.
