Increase on annual sales threshold for mandatory VAT registration in 2025 budget In the 2025 Budget, released on 1 October 2024, Ireland is proposing to increase the existing VAT registration thresholds for businesses as follows: Goods: from €80,000 to €85,000; and Services: from €40,000 to
Temporary domestic gas and electricity cut from 13.5% to 9% until 30 Apr 2025 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. This latest extension was contained within the 2024 Budget on 1 October 2024. The cut was due
Temporary domestic gas and electricity cut from 13.5% to 9% extended for fourth time to April 2025 Discussions for the upcoming Irish budget include a further prolongation of the reduced VAT rate on domestic gas and electricity supplies. The current 9% rate, down from 13.5%
VAT compliance and reporting rules in Ireland 2024 Below is summary of the major rules provided under Irish VAT rules (Value Added Tax Consolidation Act 2010; Statutory instruments; Finance Act 2016), plus adoption of EU VAT Directive provisions. Check our country VAT guides for other
Proposed VAT B2B & B2G e-invoicing & real-time reporting Public consultation extended by Revenue Commissioners The Irish Minister for Finance has announced on 10 October 2023 the opening of a public consultation on Ireland’s digitalisation of VAT Invoicing and Reporting System. This was part of
2024 Budget reduced VAT on electronic and audio books to zero The 2024 Irish Budget includes a provision to reclassify the VAT rate on electronic books to zero. This brings it into line with the rate on their printed equivalent. The same tax break will
Cut from 13.5% to 9% ended after 3 extensions following COVID and inflation crises After almost three years since the COVID crisis, Ireland has returned its hospitality, hotels and tourism VAT rate to 13%. It was originally cut to 9% in November 2020. The temporary
Ministry of Finance confirms terms of zero-rating for domestic solar panel installations – previous rate was 23% Ireland has joined the growing number of EU states that has taken advantage of new reduced EU VAT freedoms to zero Value Added Tax on the sale and
VAT liabilities on mining, exchange and consideration role for cryptocurrencies and similar crypto-assets Ireland’s tax authorities, the Revenue, has confirmed the VAT and other tax obligations on virtual digital currencies, including Bitcoin and tokens. An EU review on VAT on crypto-assets is underway. Key points
Following the introduction of Postponed VAT Accounting – a deferment scheme for import VAT – the Irish Ministry of Finance has provided further restrictions . PVA allows Irish VAT registered entities to avoid paying import VAT on goods coming into the country. It was implemented
