• VAT for Contractors, Subcontractors & Developers • Invoicing & VAT Returns • Avoid Costly Mistakes

The Irish construction industry operates under some of the most complex VAT rules in the tax system. From domestic reverse charge VAT and Relevant Contracts Tax (RCT) to property transactions, international services and Revenue compliance obligations, businesses operating in the construction sector face a wide range of VAT challenges and risks. Incorrect treatment can lead to assessments, penalties, interest charges and costly disputes with Revenue.

This practical one-day course has been specifically designed for contractors, subcontractors, developers and finance professionals working within the construction sector. Through practical examples, worked scenarios and real-life case studies, attendees will gain a clear understanding of how Irish VAT rules apply to construction activities and how to manage their VAT obligations with confidence.

The course focuses on the issues most frequently encountered by construction businesses, including the domestic reverse charge, VAT on construction contracts, RCT interactions, VAT return completion, property-related transactions and international trading issues. Particular emphasis will be placed on common Revenue audit findings and practical measures that businesses can implement to minimise VAT risk and improve compliance.

By the end of this course attendees will be able to:

• Understand the key VAT principles applicable to construction activities in Ireland
• Distinguish between Relevant Contracts Tax (RCT) obligations and VAT obligations
• Determine when domestic reverse charge VAT applies and correctly account for it in practice
• Identify the correct VAT treatment of stage payments, retentions, variations and supply-and-install arrangements
• Prepare and review invoices to ensure compliance with Irish VAT requirements
• Complete VAT returns correctly for common construction transactions
• Recognise VAT implications arising from property transactions and development activities
• Account for international transactions, including imported goods, overseas subcontractors and reverse charge services
• Identify common VAT errors and prepare for Revenue interventions, audits and compliance reviews

Topics

• Overview of Irish VAT in the construction sector
• Construction operations and qualifying activities
• Domestic Reverse Charge VAT in Practice
• Common domestic reverse charge errors
• VAT on Construction Contracts
• Timing of supply rules
• Variations and contract modifications
• RCT and VAT in Practice
• Interaction of RCT and VAT
• Calculating payments to subcontractors
• Accounting for domestic reverse charge VAT alongside RCT
• Invoicing and VAT Returns
• What must appear on construction invoices
• Domestic reverse charge invoice requirements
• VAT3 reporting requirements
• Postponed Import VAT Accounting
• Common VAT return errors identified by Revenue
• Property Transactions for Construction Businesses
• Sale and letting of commercial property
• VAT recovery on development costs
• International Construction Transactions
• Reverse charge on foreign services
• Imports of construction materials
• Revenue Audits, Interventions and Compliance

Who Should Attend

This course will be highly beneficial to all those in the built environment including finance managers, financial controllers, company accountants, bookkeepers, accounts payable teams, payroll teams, tax personnel, contractors, subcontractors, construction business owners, quantity surveyors, contract administrators, property developers, tax advisers and finance consultants.

Certification

On completion of this one-day training course, you will receive your Certificate of Attendance. Please note certificates are issued at the close of the training course to participants on completion of the course.

This course may qualify for CPD points. Please check directly with your association or awarding body to see how many points they will award.

Cost

An ‘Early Bird’ discounted rate of €545 is currently available. This training course normal rate is €645. Places are limited and are allocated on a first come first served basis. PLEASE NOTE THE EARLY BIRD RATE CLOSES 3 WEEKS PRIOR TO COURSE DATE. The course cost includes all course documentation and Certificate of Attendance.