What is VAT?

What is VAT fraud?

You must be aware that there are consequences to becoming involved in a set of transactions connected with a Value Added Tax (VAT) fraud. This applies, even if the transactions in which you are involved are not themselves unlawful.

You should be aware that you could:

  • lose your entitlement to reclaim VAT
  • become liable for Irish VAT on previously zero-rated intra-Community supplies where the related transactions are connected with fraud.

Further guidance contains more detailed information on how to protect your business from VAT fraud.