Irish Revenue has published e-Brief 093/26 on 20 May 2026, concerning updates to the VAT Tax and Duty Manual (TDM) on the VAT Treatment of Debt Factoring and Invoice Discounting. The TDM has been updated (amendments to paragraph 5 and Appendix 1) to reflect the judgment of the Court of Justice of the European Union (CJEU) in Case C-232/24 (Kosmiro) and is effective from the date of publication. In the judgment, the CJEU concluded that both trade and invoice factoring constitute taxable "de…