Single European Vat Area

The EU are reviewing the operation of Vat within the European Union. The following proposals have been made:

The Cornerstones of a definitive vat regime

  1. The principle of taxation at destination for intra-EU cross border supplies of goods. Under this principle the Vat rate of a member state of destination, where the buyer is located, is charged.
  1. The confirmation that the vendor is liable in the case of an intra-EU supply of goods as a general rule, which means that the seller is responsible for charging and collecting the Vat. However, if the buyer is a ‘certified taxable person’ it is the buyer who is liable for payment of Vat due directly to the treasury of the member state of destination.

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    Posted on January 9, 2018 by Nigel Mayberry

    Taxation of Illness Benefit and Occupational Injury Benefit

    Until the end of 2017 employers and pension providers were required to include with taxable pay all taxable Illness Benefit and Occupational Injury Benefit payments paid to employees by the Department of Employment Affairs and Social Protection (DEASP).

    With effect from 1st January 2018, it is no longer the case. Now Revenue incorporates the taxable element of Illness or Occupational Injury Benefit into employees’ tax credit certificates. This has the effect of reducing Read more

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      Posted on January 8, 2018 by Mary Flanagan

      4 Important Steps In Any Investigation

      To truly understand and quantify a disputed amount we go beyond examining the detail to question the underlying assumptions and identify the relevant facts.

      Let’s look at each of the 4 key steps in any investigation:

      1. Identify the Type of Fraud

      The initial stages of the investigation are the most important. There are so many ways that people commit fraud and new types of frauds are being committed every day. Determining what category of fraud has occurred will ensure that you can find the right contacts to help you along the way.

      2. Create an Investigation Plan

      Creating a plan is an important and often overlooked part of the fraud investigation. It takes time, but it keeps investigations Read more

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        Posted on December 13, 2017 by Lisa Byrne

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