Throwing the kitchen sink at a case and putting forward every conceivable argument that crosses your mind can backfire badly when it comes to the issue of costs. The Revenue Commissioners obtained a favourable decision in the case of Byrne v Revenue Commissioners in the High Court. However, they were penalised when it came to … Read more
Starting a business? You may have to register for vat if you are an accountable person. An accountable person is a taxable person and includes sole traders, partnerships, and companies. Obligation to register You are only obliged to register for vat if your turnover exceeds certain thresholds which are as follows: €37,500 for persons supplying … Read more
Vat on property is something that is easy to overlook if you are buying commercial property. It may also apply to residential property, depending on the circumstances, so you need to be careful and obtain expert tax advice if there is any doubt in your mind. The current situation with regard to VAT and property … Read more