Irish Revenue has issued eBrief No. 152/26, concerning updates to the Tax and Duty Manual on the VAT treatment of the hiring or leasing of means of transport. The manual has been updated with the insertion of a new paragraph 7 to provide guidance on the VAT treatment of goods and services supplied with the hire of a means of transport.
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7. Taxable amount
The taxable amount for the hire of a means of transport is the full amount that the hiring or leasing company is entitled to receiv…