Revenue publishes key findings from public consultation on modernising Ireland’s administration of VAT

Today (27/06/2024), Revenue published a report setting out the key findings from the initial stage of its public consultation on modernising Ireland’s administration of VAT. 

The consultation considers the possibility, through advancements in digital technology, of redesigning the way in which VAT is administered in Ireland, to align compliance obligations more closely with normal business processes. The initial stage of the consultation, which launched in October 2023, focused on the modernisation of Business to Business (B2B) and Business to Government (B2G) VAT reporting, supported by eInvoicing.

Over 1,100 responses were received, the vast majority of which came from businesses within the VAT net. A number of tax advisory and accountancy firms, professional representative groups, software providers and business associations also made submissions. Revenue acknowledges and thanks all those who took the time to contribute to the process. 

A well-designed programme of VAT modernisation is a priority on Revenue’s path to support VAT compliance for businesses and enhance the effectiveness of tax administration. Input received from businesses and other stakeholders will, therefore, play an instrumental role in shaping the discussion surrounding VAT modernisation and all suggestions, concerns and recommendations submitted will be reviewed and considered as the programme advances.  

This early-stage consultation was the first step in our engagement with the VAT community on VAT modernisation. Further consultations and other public engagement will follow, as reform proposals take clearer shape, are tested, refined and put into operation.

Report on the initial public consultation process

[ENDS 27/06/2024]