Refunds under the Charities VAT Compensation Scheme

Oct 29, 2019

Revenue confirmed that refunds to over 1,100 charities who submitted qualifying claims under the Charities VAT Compensation Scheme began to issue from last week. 

Claims amounting to almost €40m were made under the scheme, in respect of VAT paid in 2018. The Charities VAT Compensation Scheme aims to reduce the VAT burden on charities and to partially compensate them for VAT paid in the day to day running of their activities. 

You can read more information on the refunds now issuing by reading the Revenue press release and the press release from the Department of Finance