VAT registration delays
At a meeting of the TALC Indirect subcommittee last month, the CCAB-I raised concerns on behalf of members in relation to delays in processing VAT registration applications and the commercial difficulties of overcoming the “intend to trade” test in genuine cases. The CCAB-I requested that Revenue provide a list of items acceptable as evidence of an intention to trade.
The Tax and Duty Manual – Part 38-01-03b – Guidelines for VAT Registrations, is being reviewed and members feedback on the manual is welcomed. If you wish to provide feedback, please email tax@charteredaccountants.ie.