Ireland Tax Agency Issues Guidance on VAT Treatment of Share Transactions, Trading Platforms

The Irish Revenue Commissioners Dec. 5 issued Revenue eBrief No. 298/24, and new guidance, on the VAT treatment of share transactions and trading platforms under Paragraphs 6(1)(a) and 7 of Schedule 1 of the VAT Consolidation Act 2010. Topics covered include: 1) what is considered a share transaction; 2) the exempt treatment of sales, transfers, or trading in shares in the course of business, and of new issues of share for raising capital; 3) the non-deductibility of costs related to sales, transfers, or trading of EU shares, and the deductibility of these costs if the shares are non-EU shares; 4) ...