Proper adherence to the Vat code is crucial for any business. While other taxes such as corporation tax are calculated as a percentage of a profit, Vat usually applies to the top line of a business. Not charging/collecting Vat on sales, when it ought to, can lead to large tax bills often representing multiples of a business’ profits and with the potential to seriously affect a business’ solvency. That is what makes a number of recent decisions before the Tax Appeals Commission (TAC) so interesting. The counsellor The TAC was asked to decide, based on the law as it stood…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .