ARTICLE · 01 OCTOBER 2008

VAT Focus – A Round - Up Of Recent VAT - Related Developments

Smith & Williamson

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Changes to VAT services in Ireland Smith & Williamson recently merged with the Irish firm of accountants and tax advisers, Oliver Freaney & Company. As a result, we have enhanced our expertise in Irish tax and VAT issues.

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Martin Sharratt

Changes to VAT services in Ireland Smith & Williamson recently merged with the Irish firm of accountants and tax advisers, Oliver Freaney & Company. As a result, we have enhanced our expertise in Irish tax and VAT issues.

In this issue, we outline some potential Irish VAT issues – with a focus on property-related matters – for UK businesses.

Irish property transactions

Transactions in Irish property (acquisitions, sales, leases, etc) are generally subject to Irish VAT, regardless of where the individuals entering into the property transaction are based.

A radical new regime affecting VAT on Irish property was introduced in Ireland on 1 July 2008. The new rules are summarised below.

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