VAT recovery for financial services | KPMG | IE
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VAT recovery for financial services and other partially exempt entities

VAT recovery for financial services & other entities

VAT recovery



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In this article, David Duffy provides a reminder that partially VAT exempt businesses must review and update the VAT recovery rate applied to their general overhead costs during 2017 in their May/June 2018 VAT return (assuming a 31 December 2017 year-end). David also summarises recent Revenue guidance on the VAT recovery position for funds and life insurance companies, as well as flagging a tax case to watch for finance companies engaged in the supply goods under hire purchase agreements.