We provide a full range of taxation services for both personal and corporate clients. The International Association means that a full and expert service is available to the firm and it's clients on all major tax implications of trading or moving of assets within the trading world. Our firm is a member of the International Tax Planning Association and Transnational Taxation Network.

Tax laws change constantly, and those wishing to assess the current situation need to be aware of possible changes in the country or countries concerned, as well as potential alterations to the relevant double taxation treaties. This information is available from HLB offices world wide. No irrevocable action should be taken until formal professional advice is obtained.

HLB Nathans offers a comprehensive VAT service to clients in what can be a very complex area. Our tax consultants realise that VAT planning can be of paramount importance in business planning and focus on proper planning to minimise potential VAT costs and maximise potential VAT savings and cash flow benefits.  VAT is charged on the sale of goods and the provision of services in the course of business. A business supplying goods or services subject to VAT in Ireland must register with the VAT authorities. The overall system is devised to provide a system of credits for traders so the eventual VAT cost is borne by the end user or consumer.
In accordance with EU Directives Irish VAT is no longer payable at the point of import on goods imported from other EU countries with the exception of a number of products including alcohol and tobacco products.

The services offered by our tax consultants in this area include:
• VAT registration

Registration is compulsory if turnover exceeds the following thresholds:

Registration thresholds will increase to the following with effect from 1 May 2008.

The VAT registration threshold for foreign traders supplying taxable services in Ireland or selling goods from stocks held in Ireland is zero.

The annual VAT cash accounting threshold for small firms is €1,000,000 with effect from 1 March 2007.

• VAT compliance and dealing effectively and efficiently with tax authorities
Taxable persons are obliged to register for VAT and submit bi-monthly returns in respect of supplies and purchases made in the two-month period. Unpaid tax attracts interest at the rate of 0.0322% per day.
Revenue may allow certain traders submit VAT returns on an annual basis rather than on the bi-monthly basis. From July 2007 the option of filing on a half-yearly basis is available for businesses with an annual liability of €3,000 or less. For businesses with an annual liability between €3,001 and €14,400, the option of filing returns every four months is available.

• VAT planning for property acquisitions
VAT on property transactions is an extremely complex area of tax. A new system for applying VAT to commercial and residential supplies of property in the course of business will take effect from 1 July 2008.  It is strongly recommended that anyone intending to buy or sell property in Ireland see a tax consultant prior to any agreement being made.
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• Advice and VAT planning for companies and individuals relocating to Ireland
Our tax consultants can provide strategic tax planning advice to non-Irish domiciliaries with respect to the mitigation of VAT in Ireland.

• VAT advice and overseas businesses trading in Ireland

• Advice on the VAT treatment of specific business transactions
By working closely with clients our tax consultants provide tax advice tailored to specific business transactions.