To prevent fraud in Irish VAT compliance, the Irish government introduced a number of measures through its Finance Bill which came into effect from 1 January 2014.
VAT registered businesses will have to refund to the Irish Revenue any deducted input VAT on payable invoices if they have not actually paid their supplier’s bill after six months. This measure was introduced at the start of 2014 for invoices claimed from 1 July 2013.
Ireland has also introduced the EU anti-fraud rapid response mechanism.
