Tuesday, 12 November 2019

Ceisteanna (134)

Michael McGrath


134. Deputy Michael McGrath asked the Minister for Finance if he will address a matter raised in correspondence by a person (details supplied) regarding a proposal for the Revenue Commissioners; and if he will make a statement on the matter. [46596/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

In general, an accountable person who supplies taxable goods or services to another accountable person is obliged under VAT legislation to issue a VAT invoice which includes the VAT payable on the supply. However, where an accountable person supplies goods or services to an individual, who is not an accountable person for VAT purposes, there is no obligation to issue a VAT invoice to that person. A till receipt issued by a retailer is not governed by VAT legislation, therefore there is no requirement under VAT legislation to itemise the receipt to show the VAT payable on the purchase of goods or services. For further information in relation to the obligation to issue VAT invoices please see www.revenue.ie/en/vat/vat-records-invoices-and-credit-notes/invoices/who-must-issue-a-vat-invoice.aspx.

I am informed by Revenue that they are satisfied that the current requirements concerning the records to be retained by business and the details to be displayed on invoices and receipts strike the appropriate balance between the need for reliable and complete business records and the cost to business of generating and retaining those records and issuing invoices and receipts to customers. Revenue keeps these matters under continuous review and I will give careful consideration to any proposals they make for changes to the current regime.