Irish Revenue issued eBrief No. 059/24 on a new Tax and Duty Manual (TDM) – VAT treatment of negotiation services in respect of financial services, providing guidance on the VAT exemption for negotiation services in financial services. The TDM outlines conditions for VAT exemption, including the requirement that the service must facilitate a contract between two parties without the intermediary having any personal interest in the contract. It also clarifies that simply labeling a service as “agency” or “negotiation” is not enough for VAT exemption, and the exemption depends on the actual services provided and the relationship between the parties.
Source Orbitax
