- On 27/06/2024, Revenue released a report summarizing the key findings from the first phase of its public consultation on modernizing Ireland’s VAT administration. The consultation explores the potential for using digital technology to revamp VAT administration, aligning compliance with business processes.
- The initial phase focused on modernizing Business to Business (B2B) and Business to Government (B2G) VAT reporting, with over 1,100 responses received from businesses and other stakeholders.
- Revenue emphasizes the importance of input from stakeholders in shaping the VAT modernization discussion and assures that all suggestions and concerns will be reviewed as the program progresses.
- This initial consultation marks the first step in engaging with the VAT community, with further consultations and public engagement to follow as reform proposals develop.
Source Revenue.ie
