Finance (No. 2) Bill 2023 - VAT

The Bill includes measures affecting the VAT rate for certain goods and services as announced on Budget Day and certain technical amendments.

With effect from 1 January 2024 the registration threshold for businesses will increase from €37,500 to €40,000 for services and from €75,000 to €80,000 for goods.

The legislation increasing the total annual capped fund for the Charities VAT Compensation Scheme from €5m to €10m with effect from 1 January 2024 has not been included in the Finance Bill as drafted and is expected to be included at Committee Stage.

Return to Finance (No.2) Bill 2023 Commentary

Team Members

Jackie Masterson

Head of Tax, Tax Partner

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John Moore

VAT Director

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