Irish Import companies allowed to postpone VAT payments until making their returns

Irish Government allows their companies importing goods from the UK not to pay their VAT obligations until making their VAT returns. This new measure aims to soften the effects of Brexit on businesses’ cash flows where now they are going to be able to hold the VAT payment until they make their returns.

As European governments are preparing for the UK leaving the EU, more of this kind of measures are expected.

As always we will keep you updated regarding all VAT news from Ireland and around the world.

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