Irish Revenue has issued eBrief No. 077/20 on the application of the Capital Goods Scheme and the VAT treatment of donations or gifts of goods or meals. The Capital Goods Scheme (CGS) is a mechanism for regulating the amount of VAT reclaimed over the VAT-life (adjustment period) of a capital good.

---

Revenue eBrief No. 077/20

The application of the Capital Goods Scheme and the VAT treatm…