Posted by Revenue eBrief No. 235/21
Value-Added Tax Notes for Guidance – Finance Act 2021 – are now available on the Revenue website.
51. Amendment of section 15 (VAT Groups) and section 115 (Penalties generally) of the Value-Added Tax Consolidation Act
52. Amendment of Section 56 of the Value-Added Tax Consolidation Act 2010 (Zero-rating schem0e for qualifying businesses)
53. Amendment of section 67 (Amendments to invoices) and section 74 (tax due on supplies) of the Value-Added Tax Consolidation Act (Cancellation Deposits)
54. Amendment of section 86 (special provision for flat-rate farmers) of the Value-Added Tax Consolidation Act
55. Amendment of section 103 (Ministerial refund orders) of the Value-Added Tax Consolidation Acy
56. Amendment of Schedules to the Value-Added Tax Consolidation Act
Summary
This section amends Schedules 1 and 2 of the Value-Added Tax Consolidation Act 2010 to provide for a VAT exemption on the importation of goods by, and the zero-rating of goods and services supplied to, the European Commission or to an agency or a body established under European Union law, that is responding to the Covid-19 pandemic. This amendment also provides for a temporary application of the zero rate of VAT to the supply of Covid-19 vaccines and in-vitro diagnostic medical devices and services closely linked to them.
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