Deadline Approaching - The Charities VAT Compensation Scheme

The Charities VAT Compensation Scheme deadline for submission in relation to claims for the period 1 January 2018 to 31 December 2018 is 30 June 2019.

A total annual fund of €5m has been made available for payment under the scheme which is set to run for 3 years to 31 December 2020 where it will be reviewed.

Under this scheme, Charities will be entitled to claim a refund of a proportion of their VAT costs based on the level of non-public funding they receive. Where the total amount of eligible claims from all charities in each year exceeds the capped amount, claims will be paid on a pro rata basis.

It is important to note that any claims made outside of the 30 June 2019 date for calendar year 2018 will not be accepted so it is advisable that if you haven’t already submitted a claim that you do so in the next few weeks. Click here to access the official manual and guidance issued by Revenue with regarding to making this claim.

If you have any questions or queries in relation to this please do not hesitate to contact us.

Ronan Kilbane

Audit & Business Advisory Partner

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