Revenue eBrief No. 231/25
VAT Deductibility for Insurance & Reinsurance
A new Tax and Duty Manual (TDM) VAT Deductibility for Insurance & Reinsurance has been published to provide guidance on the VAT Deductibility for Insurance & Reinsurance.
The TDM VAT Deductibility for Life Insurance Companies has been marked as no longer relevant.
Source revenue.ie
- A new Tax and Duty Manual provides guidance on the VAT treatment of extended warranties.
- Extended warranties are defined as separate insurance service plans purchased in addition to goods, covering repair or replacement beyond the manufacturer’s warranty period.
- The manual distinguishes between insurance (subject to specific VAT rules) and manufacturer’s warranties.
- Guidance is provided on VAT treatment, VAT deductibility, and commission payments to retailers related to extended warranties.
- The document is a guide only and not a substitute for professional or legal advice.
Source: revenue.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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