Irish Revenue has issued eBrief No. 077/20 on the application of the Capital Goods Scheme and the VAT treatment of donations or gifts of goods or meals. The Capital Goods Scheme (CGS) is a mechanism for regulating the amount of VAT reclaimed over the VAT-life (adjustment period) of a capital good.
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Revenue eBrief No. 077/20
The application of the Capital Goods Scheme and the VAT treatment of Donations or Gifts of goods or meals
The guidance note 'Temporary zero rating of supplies of…