TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

EU VAT relief for vaccines and testing kits

New VAT measures have been adopted based on a European Commission proposal and are designed to give better and cheaper access to vaccines and testing kits to treat COVID-19.

EU countries will be able to implement a temporary VAT exemption for vaccines and testing kits sold to hospitals, doctors and individuals. Under the amended Directive, Member States will be able to apply either reduced or zero rates to both vaccines and testing kits if they so choose.