Pearse Trust Blog



A Refresher on Irish Tax Filing and Payment Deadlines

Posted by Pearse Trust on Wednesday, Aug 24, 2016

The main purpose of this material is to give a general update of the more important Irish tax filing and payment deadlines under the Irish self-assessment tax system.

Corporation Tax

Irish tax resident companies are required to file its Corporation Tax (“CT”) return via Revenue’s Online Service (“ROS”). The CT return and balancing tax payment are generally due by the ninth month after the accounting period (“AP”) end but no later than the 23rd day of that month.

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Tags: Ireland, Tax, VAT

Upcoming Changes to the UK VAT Grouping Rules

Posted by Pearse Trust on Wednesday, Apr 27, 2016

The United Kingdom Government is currently consulting taxpayers on proposed changes to value-added tax rules that could have an impact on companies operating a VAT group structure. 

VAT grouping provisions are included in both European Union and UK legislation.

Article 11 of the EU VAT Directive allows member states to treat two or more businesses established in the territory of that member state as a single taxable person (a VAT group) if the businesses have close economic, financial, and organizational links.

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Tags: Legal, United Kingdom, Tax, VAT

HMRC's Ability To Recover VAT Repayment Is Limited

Posted by Pearse Trust on Wednesday, Oct 07, 2015

HMRC's Ability To Recover VAT Repayment Is LimitedRecent decisions made by both the First Tier Tribunal and the Upper Tribunal illustrates that HMRC’s ability to recover a VAT repayment is limited where the refund arises under a compromise agreement. 

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Tags: United Kingdom, VAT

UK VAT Deduction Rules - Key Change Announced

Posted by Pearse Trust on Monday, Sep 14, 2015


The UK tax authority, HM Revenue and Customs (HMRC), has clarified important changes to the way businesses in the financial industry with operations within and outside the UK calculate value-added tax.

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Tags: United Kingdom, Tax, VAT

VAT & VIES Filing Requirements In Ireland

Posted by Pearse Trust on Wednesday, Aug 12, 2015


Ireland’s decision to join the EU in 1973 marked the introduction of Value Added Tax (VAT). VAT was implemented among all member states as the turnover tax within the “common market”, and as a means of policing VAT, the ‘VAT Information Exchange System’ (VIES) was introduced in 1993.

VIES operates as a system of administrative support to member states and ensures both the registration of companies for VAT as well as the correct rate of VAT being charged on all transactions.

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Tags: Ireland, Tax, EU, VAT

Practical VAT Update (ROI) – Part 2

Posted by Pearse Trust on Wednesday, Feb 26, 2014

This blog is a follow on from a previous post on the “Practical VAT Update - Ireland” and it is advisable that this is read in conjunction with the earlier blog.

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Tags: Ireland, Tax, VAT

Practical VAT Update - Ireland

Posted by Pearse Trust on Monday, Nov 25, 2013

VAT is a very important source of funds for the Irish government. In the last few years, there have been significant increases in various tax categories including VAT (21% to 23%). The current emphasis is to increase collection by closing tax loopholes, imposing penalties for non-compliance and improving efficiency (through electronic services) to reduce the cost of tax collection.

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Tags: Ireland, Tax, VAT

Irish Tax Issues To Consider On The Assignment Of Receivables

Posted by Pearse Trust on Wednesday, Jun 19, 2013

When an Irish company assigns a receivable, i.e. a debt that someone owes to the company, there are a number of Irish taxation issues to consider. However, by structuring the transaction and documentation in a tax efficient manner, it is possible to minimise the potential Irish tax implications.

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Tags: Ireland, Tax, VAT

Ireland Wins EU VAT Grouping Case

Posted by Pearse Trust on Monday, May 20, 2013

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Tags: Ireland, EU, VAT, Guest Blogger

VAT Invoicing – New EU Rules From January 2013

Posted by Pearse Trust on Monday, Feb 11, 2013

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Tags: Tax, EU, VAT