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Indirect Tax Matters Newsletter

May 2023 Edition

1. The Carbon Border Adjustment Mechanism (CBAM)

Customs specialist Goker Yuruk explains why CBAM is being introduced and the role it will play in helping to ensure imports from countries with lower environmental standards do not compromise the EU's climate ambitions.

2. Irish VAT implications for services connected with immovable property

When is a service considered to be connected to immoveable property (land/buildings), what are the implications in terms of by whom and where VAT should be paid?

3. Windsor Framework

The Windsor framework, as agreed in principle with the UK government and EU Commission attempts to address some of the issues around the current Northern Ireland protocol, Brian Birt and Donna Hemphill consider the VAT and customs implications.

4. Adjustments to the taxable amount – what impact will this have?

Sandija McCann explains the VAT impact where there is a variation to the invoiced amount compared to the cash actually received.

5. Update on CESOP

Cecile Fournis explains the new reporting measures impacting payment services providers, digital asset / cryptocurrency service providers which create an additional tax reporting burden.

6. Proposed amendments in Finance Bill 2023

Updates on proposed VAT and excise amendments as per current proposals.

7. Case Law updates

Comments and updates on recent UK/EU cases.

8. Revenue e-briefs

Our View on recent updates from Irish Revenue.

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