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ROI to introduce reverse charging VAT rules for scrap metal supply

The Republic of Ireland is to introduce a “reverse charging” mechanism for VAT on scrap metal, which will see the responsibility fall to the recipient, rather than the supplier of the metal.

From 1 May, all supplies of scrap metal will be subject to the new mechanism, which will require a supplier to issue the recipient with a reverse charge notice, who then accounts for it in their VAT return, rather than paying it directly to the supplier.

According to an accompanying leaflet, the new VAT rules will apply to “ferrous and non-ferrous waste, scrap, and used materials including that of semi-finished products resulting from the processing, manufacturing or melting down of ferrous and non-ferrous metals and their alloys”.

The legislative change follows the passing of the Finance Act 2011.

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