To this effect, Ireland has extended the reduced VAT rate for hospitality and tourism through February 2023. This was initially scheduled to expire on 1 September 2022.

Tungsten Network supports all valid Irish rates on our portal.

To this effect, it has published guidelines which assist suppliers in sending invoices to the public sector.

Ireland has recently stated that it will draw inspiration from the e-invoicing models in other countries as a basis for its own e-invoicing model. It will be interesting to see the developing e-invoicing landscape and the appetite for e-invoicing in the country further to this campaign driving greater recognition of the sector.

Ireland is no exception- and the Irish Ministry of Finance has announced a VAT reduction from 13.5% to 9% to take effect from 1 May 2022. This is expected to run until 31 October 2022.

VAT reductions often prove to be costly – and in Ireland, the reduction in VAT rates for energy and gas will come at a cost of 46 million Euros to the government.

In addition to rising inflation, it is likely the measure was introduced to counteract the carbon tax, which is also commencing on 1^st May 2022. Such measures serve to demonstrate that VAT must be viewed as part of a greater intricate framework of taxes within the fiscal structure rather than a tax in isolation and underlines the challenging role of the government to balance and manage the effects of taxation.

To this effect, the Irish government will cut VAT on electricity and energy from 13.5% to 9%.

This will take place from 1 May 2022 to 31 October 2022 and is estimated to come at a cost of 46 million Euros.

To this effect, Ireland is currently reviewing plans to implement e-invoicing and e-reporting in the country.

The Irish Revenue has indicated that it will draw inspiration from e-invoicing models in other countries.

Plans to implement e-invoicing are in their infancy at the moment, but Tungsten will monitor any developments in Ireland and keep you informed to this effect.