Value Added Tax Consolidation Act 2010 section 75

Tax due on intra-Community acquisitions

Section 75 sets out when VAT becomes due on intra-Community acquisitions (ICAs) of goods.

• VAT on an ICA is due on the 15th day of the month following the month in which the acquisition takes place.
• If the supplier in the other Member State issues an invoice before that date, VAT is due on the date the invoice is issued, whichever is earlier.
• Separate timing rules apply to ICAs of new means of transport and excisable goods by non-registered persons, which are dealt with in section 79.
• A deferred payment scheme operates for VAT due on imports, allowing payment by the 15th of the month following the month in which the VAT becomes due.