Vat is second only to income tax when it comes to filling the state’s coffers. The sheer volume of money involved means small changes can make a big difference, the Tax Strategy Group’s papers show.
For years, the Irish-headquartered medical supplier Covidien outsourced core functions to the US without paying Vat on transactions including preparations for its acquisition by Medtronic. The company’s successful tax appeal is now going down the legal route.
Tyrrelstown broke the mould for high density developments in Celtic Tiger Dublin. But an unusual sales arrangement fell foul of a Revenue assessment. Nearly two decades on after multiple appeals, the Vat bill looks set to stick.
The Irish tax authority has initiated a legal action against Novartis, a Swiss pharmaceutical multinational with major operations in Ireland. But why is Revenue targeting the company, and how much is at stake?
After The Currency exposed the volume deals struck by a medicine manufacturer with private hospitals and health insurers, our tax expert explores the ramification of the Vat dispute they triggered.
Revenue have long argued that when a doctor operates through a company, it is not longer vat exempt. However, a new case has contradicted this – a move that will have massive implications for thousands of doctors and dentists around the country.
Hotels and restaurants are looking for answers and help from the government as they face yet another challenge, with many dining venues already struggling to stay open. This time, it comes in the form of the global pandemic known as Covid-19.
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