Revenue eBrief No. 122/26

Tax and Duty Manual Part 08A-01-01 Tax Treatment of Specified Financial Transactions has been updated as follows;

To update the title of the Tax and Duty Manual,
Introductory wording has been included in section 1 "Introduction",
References to the VAT Act 1972 have been updated to the VAT Consolidation Act 2010,
The wording in section 2.1 "Overview of the tax treatment of Islamic financial transactions" has been updated, and
The definition of "financial institution" in section 6.2.1 "Credit and Deposit Transactions" reflects the definition of "financial institution" in section 891B TCA 1997 as amended by Finance (No.2) Act 2023.

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