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DONATIONS TO SPORTING BODIES

23/1/2020

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Where an individual who pays tax under the PAYE system makes a qualifying donation to an approved sports body they can claim tax relief by way of a deduction from total income. An approved sports body must promote an athletic or amateur game or sport, must be on the approved sports bodies listing on the Revenue website and must hold an up-to-date tax clearance certificate.

A donation will qualify under this tax relief if it is:....

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VAT Fraud

17/2/2017

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​VAT FRAUD – HOW CAN YOU PROTECT YOUR BUSINESS?
With the ever-changing pace in business and emerging markets, VAT Fraud is becoming more prevalent. The European Court of Justice in a number of cases concerning VAT fraud has held that:
  1. a taxable person who knew or ought to have known that, by his purchase of goods, he was party to a fraudulent transaction can have his right to deduct related input credits refused;
  2. a taxable person who knew or ought to have known that the transaction carried out was part of a tax fraud committed by the purchaser may be denied the right to zero-rate the intra-Community supply to that purchaser.

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