Publications

Businesses across Europe face unprecedented challenges in the aftermath of the Coronavirus pandemic. Indebtedness is rising as businesses struggle to settle debts on time. Most VAT registered businesses are required to account for output VAT in the same tax period when they have issued an invoice to their customer, regardless of whether the invoice is paid. If the invoice remains unpaid, a bad debt arises which, in many European jurisdictions, may be subject to relief – VAT credited back to the business.

In recent years Ireland has become an epicentre for Foreign Direct Investment (FDI) for a number of reasons including connected world class research, pro-enterprise policy and an attractive tax regime.