Guidance from Revenue on VAT treatment of money transfers

Nov 13, 2017

New guidance from Revenue on the VAT treatment of transactions concerning the transfer of money tells us Revenue’s position on the availability of VAT exemption for such service. 

Schedule 1 to the VATCA 2010 provides an exemption for certain transfer of money transactions. The guidance from Revenue concerns the negotiating or dealing in payments and transfers and should be read in conjunction with Schedule 1 to the VATCA 2010. 

The guidance is published on the Revenue website.