Travel industry |
VAT exemption
From 1 January 2010 the VAT exemption that currently applies to travel agents will be withdrawn and travel agents will have to charge VAT in accordance with the VAT rules. Also, under the margin scheme, tour operators, ie businesses that buy and sell holidays services as principle, will have to account for Irish VAT on the margin received; this is the difference between the cost of buying in the services and the amount received for those services. It is likely that Revenue will issue an information leaflet on the proposed changes before the end of the year.
New revenue regulations for tour operators
Please see below for the text of the new regulations.
For further information on this matter please do not hesitate to contact a member of the VAT team.
Page Last Updated
New revenue regulations for tour operators
(128.64 KB)
