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Finance Act 2024: VAT Thresholds Raised and Reduced Rate Extended in Ireland

  • Law No. 43/2024, Finance Act 2024, was published in The Irish Official Gazette on Nov. 15
  • Implements measures announced in Budget 2025
  • Increases VAT registration thresholds for goods and services
  • Thresholds increased to 85,000 euros for goods and 42,500 euros for services
  • Extends reduced 9 percent VAT rate for gas and electricity until April 30, 2025

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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