ferrous sulfate 325 mg tablet viagra computers in the medical office

Posts Tagged ‘VAT’

VAT on online sales

The European Commission has adopted a package of measures aimed at making the VAT treatment of telecommunications, broadcasting and electronic services more business friendly.
Currently such services are taxed where the EU supplier is established. In addition non-EU suppliers must charge VAT in the Member State where the customer is established.
Many businesses have incorporated businesses in Luxembourg to avail of that jurisdiction’s low VAT rates for electronic services.
From 1st January 2015, telecommunications, broadcasting and electronic services will be taxed where the consumer is established or resides.
In the future the Commission will seek to extend the new treatment step by step to other goods and services. This complies with the notion that fundamentally, VAT is a tax on consumption, and should therefore be charged at the place of consumption.

BUDGET 2012 – THE DEVIL WILL BE IN THE DETAIL

Needless to reiterate, it isn’t great out there and the president of the Irish Tax Institute, Bernard Doherty, tells The Sunday Business Post it isn’t likely to get a whole lot better. Doherty notes we can expect the introduction of household charges and increases in VAT and capital taxes as well as possible changes affecting PRSI and pensions in the upcoming Budget but “the devil will be in the detail”.

NO CHANGE TO 9% VAT RATE FOR TOURISM PRODUCTS

 
Minister for Tourism Leo Varadkar has said the lower 9% VAT rate for tourism products will remain in place next year.

Speaking at the official opening of the Good Food Ireland conference, Minister Varadkar said: “I can confirm that the 9% VAT rate will apply throughout 2012. This rate is significant because it principally benefits home-grown employers which are based in Ireland. Many operators moved quickly to pass the VAT cut on to their customers following its introduction. Even where the rate was not passed on, it still benefited the tourism industry by helping businesses to expand”.

We Are Here!

25 Herbert Place,
Dublin 2,
D02 A098,
Republic of Ireland.

T:+353-1-6766476
F:+353-1-6766783
E: info@noonecasey.ie