Ireland: Revenue commissioners release guidance on VAT
The Irish Revenue Commission issued eBrief No. 214/22. This is to provide VAT guidance to taxpayers.
The guidance is as follows:
| Clarification | Effectivity Date |
| The 9% VAT rate on supplies of gas and electricity was extended until 28 February 2023 | 1 November 2022 |
| The VAT Deductions on new stocks, shares, debentures, and other securities for raising capital | 15 December 2022 |
| The obligations of VAT traders to notify the tax agency regarding intra-community trade | 15 December 2022 |
| The exemption of medical professionals and financial funds from VAT which is registered in other EU member states and independent groups of persons carry out taxable activities | 15 December 2022 |
| The application of zero VAT on specific items | 1 January 2023 |
Source: revenue.ie
