Ireland Tax Agency Issues Guidance on VAT

The Irish Revenue Commissioners Dec. 23 issued Revenue eBrief No. 235/21, to provide guidance related to VAT. The guidance includes information to: 1) clarify the obligation on VAT groups to notify the tax agency regarding changes in the financial, economic, and organizational links, effective Dec. 22; 2) clarify that cancellation deposits are taxable, effective Jan. 1, 2022; 3) require the repayment of incorrectly claimed and refunded VAT, effective Dec. 22; 4) explain the application of a zero VAT rate on vaccines and diagnostic medical devices and services to combat the coronavirus pandemic, effective Dec. 12, 2020; and 5) provide an ...