Irish businesses operating in other European countries often incur significant amounts of VAT on their costs. Notwithstanding that these businesses may not be established or VAT registered in these countries, they may, have an entitlement to recover the non-Irish EU VAT which they have incurred.
The deadline for filing EU VAT reclaims for the calendar year 2015 is 30 September 2016. To find out more on whether your business may be entitled to recover non-Irish EU VAT and how a refund application can be made, please contact Niall Campbell, Philip Nolan, Mikael Garcia or any member of the KPMG VAT Team.
Please note that the VAT recovery rules are different in other EU member states than in Ireland which can often give a higher level of VAT recovery on certain costs and is therefore worth reviewing before the above mentioned deadline.
VAT incurred by an Irish company in another EU Member State may be recovered by submitting an application electronically, together with a copy of the largest invoices, to the Irish Revenue Commissioners via their Revenue Online Service (ROS). The Irish Revenue will forward the claim electronically to the various EU tax authorities.
KPMG has the expertise and resources to quickly identify and compute the non-Irish EU VAT which your business may be entitled to reclaim. If you are interested in making an EU VAT reclaim for 2015 before the 30 September deadline, please contact a member of the KPMG VAT team to discuss what opportunities exist for your business and how best a claim can be made.