03.23.22

Consultation on VAT digital reporting and e-invoicing

Many countries are working towards achieving a more efficient and streamlined VAT process and reducing tax fraud. Ireland is no exception- the European Commission has recently put Ireland’s tax gap at 1.7 billion Euros.

To this effect, Ireland is currently reviewing plans to implement e-invoicing and e-reporting in the country.

The Irish Revenue has indicated that it will draw inspiration from e-invoicing models in other countries.

Plans to implement e-invoicing are in their infancy at the moment, but Tungsten will monitor any developments in Ireland and keep you informed to this effect.