VAT

Overview

VAT is a transaction based tax and is levied on supplies of goods and services. Globally, approximately 136 countries operate some form of VAT or GST and there are considerable differences on how this taxation is applied from country to country.

We are Ireland’s leading VAT advisory practice. Our professionals have extensive experience in providing multi-jurisdictional VAT advice and are capable of advising across all industry sectors both locally and globally. We aim to ensure you are VAT compliant while maintaining performance and optimising profitability.

Potential issues

  • You are engaged in domestic or cross-border supplies and seek confirmation of the appropriate VAT treatment of your transactions, identification of risks and how to address any VAT compliance obligations.
  • You want to optimise your tax strategy and relevant procedures.
  • You wish to revamp your flows of goods and services and need support in dealing with the VAT and customs aspects.
  • You require support for VAT registration and compliance in Ireland, the EU and elsewhere in the world.
  • You require advice on any available VAT reliefs or areas with the potential for VAT savings, including any reliefs arising from the acquisition or sale of a business.
  • You require assistance in liaising and conversing with the Irish Revenue Commissioners, including preparation of submissions for rulings and assistance with Revenue audits.
  • You are engaged in a property transaction and seek clarification on the appropriate VAT treatment.
  • You are seeking to introduce or configure an ERP system and wish to evaluate or improve the system’s VAT reporting capabilities.
  • You require assistance in preparing for an appeal to the Office of the Appeal Commissioners or litigation before the Courts.

How can we help?

Our team has the depth of experience and VAT knowledge to develop client-driven solutions and add value to your business. We maintain strong relationships with the Irish Revenue Commissioners and policy makers to ensure that we are at the forefront of any developments in VAT and can assist you in facing new challenges.

In addition, as part of the global PwC network, with approximately 2,000 VAT specialists in 150 countries, we are perfectly positioned to address any issues you may face, whether at a global or domestic level. Also, through our online global VAT knowledge database "Global VAT Online" you can keep up-to-date with developments in VAT and GST in over 70 countries.

We can assist you by:

Compliance

  • Helping you manage the VAT function by providing VAT compliance services and securing tax registrations in Ireland and abroad.
  • Our specialised VAT and financial services team can provide you with VAT compliance services, specifically focused on the financial services sector (including funds and investment management).

Consulting

  • Providing VAT consultancy services and giving certainty on the appropriate VAT treatment of transactions (including advice in relation to the restructuring of organisations).
  • Analysing your ERP systems and advising you on the implementation of business controls to ensure VAT compliance is not compromised.
  • Analysing and advising on the transformation or restructuring of your supply chains.
  • Advising you in relation to property transactions and ensuring the correct VAT treatment is applied.
  • Providing VAT consultancy services in relation to the Financial Services Sector (including specialised advice in relation to aircraft leasing and investment funds).

Audits and appeals

  • Preparing for an audit including pre-audit reviews, submission of disclosures and attendance and representation at meetings with Revenue.
  • We can prepare submissions to the Revenue and other foreign tax authorities for determinations and rulings on appropriate VAT treatment.
  • We can provide expert advice and assistance in preparing and appearing before an appeal to the Office of the Appeal Commissioners and litigation before the Courts.

Training and health checks

  • We can organise VAT workshops to share our experience and knowledge with your business and we can also perform VAT health checks of your business.

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Contact us

Sean Brodie

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 8619

Tom Corbett

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 5462

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