Revenue has published several new guidance documents on VAT groups covering the territorial scope of VAT groups, transitional VAT groups and relevant general information on VAT groups.
In the guidance Revenue has outlined that VAT grouping is available to establishments located within the State which means that only a head office or branch established in Ireland is entitled to be a member of an Irish VAT group. The guidance has immediate effect for any VAT Groups formed after its publication and must be implemented by all existing VAT Groups no later than 31 December 2026.
The general guidance on VAT groups outlines the conditions required to form a VAT group, the application of VAT group provisions and the consequences and deductibility of the group together with other relevant information. The transitional VAT groups guidance contains similar information and will remain in place until 31 December 2026. It relates to existing VAT groups which are impacted by the new guidance on the territorial scope of VAT groups
LOADING...