Finance Bill - VAT

Oct 23, 2017

The Bill was light on VAT amendments but does provide for regulations to clarify some uncertainties that exist in terms of whether a VAT exemption is available in the course of providing certain educational services.

VAT on Education Services

The Bill legislates for long standing Revenue practice of applying a VAT exemption for vocational training and retraining which will be set out in regulations. Some uncertainty had arisen in this space recently. Furthermore there were a number of technical amendments which clarify the application of a VAT exemption to certain education services. These changes apply with effect from the passing of the Finance Act.    

Charities VAT Refund Scheme

The Bill does not include measures to introduce the VAT Refund Scheme for charities, which was announced on Budget Day.