Recent Updates To Section 56 Authorisation (56B Authorisation) Regime

The Irish Revenue Commissioners ("Revenue") have recently updated their guidance material in respect of the operation of the section 56 authorisation regime (the "Guidance").  The section 56 authorisation enables the holder of such to receives supplies of goods and services in Ireland at the 0% rate of VAT (also known as a '56B' authorisation).  Broadly, a person is eligible for a section 56 authorisation where at least 75% of their turnover is derived from zero rated intra-Community dispatches, exports of goods or certain supplies of contract work.  The updates to the regime were announced in Revenue eBrief 045/22 published on 25 February 2022 and are summarised below.

Application to start-up businesses