The Irish Revenue issued two updates, eBrief No. 298/24 and eBrief No. 299/24 on 5 December 2024, aimed at enhancing understanding of VAT regulations for financial activities, including share transactions, trading platforms, and stock exchange fees.
Through eBrief No. 298/24, Revenue introduced a new Tax and Duty Manual that outlines the VAT treatment for share transactions and trading platforms. This guidance provides clarity on VAT obligations, ensuring businesses involved in these activities are aligned with current regulations.
eBrief No. 299/24 updates the Tax and Duty Manual on stock exchange fees, reflecting the latest VAT framework. This revision ensures that market participants have accurate information regarding VAT application to exchange-related fees.
These updates demonstrate Revenue’s commitment to supporting compliance by offering clear and detailed guidance on VAT responsibilities in the financial sector.
