S.I. No. 488/1998 - Value-Added Tax (Electronic Data Exchange and Storage) (Amendment) Regulations, 1998
S.I. No. 488 of 1998. | ||
VALUE-ADDED TAX (ELECTRONIC DATA EXCHANGE AND STORAGE) (AMENDMENT) REGULATIONS, 1998 | ||
The Revenue Commissioners, in exercise of the powers conferred on them by sections 17 and 32 of the Value-Added Tax Act, 1972 (No. 22 of 1972), hereby make the following regulations: 1. (1) These Regulations may be cited as the Value-Added Tax (Electronic Data Exchange and Storage) (Amendment) Regulations, 1998. | ||
(2) These Regulations shall come into operation on the 1st day of January, 1999. 2. The Value-Added Tax (Electronic Data Exchange and Storage) Regulations, 1992 ( S.I. No. 269 of 1992 ), are hereby amended by the insertion of the following Regulation after Regulation 2: | ||
"2A. Where an amount or consideration is specified for the purposes of these Regulations, then such amount or consideration shall be expressed in a denomination of the currency of the State and be identified by the use of the symbol appropriate to the denomination so expressed.". | ||
GIVEN this 18th day of December, 1998 | ||
Josephine Feehily | ||
Revenue Commissioner | ||
EXPLANATORY NOTE | ||
These Regulations amend the Value-Added Tax (Electronic Data Exchange and Storage) Regulations, 1992, to provide that amounts or considerations specified in VAT invoices and other documents must be expressed in a denomination of the State's currency and the appropriate symbol must be used to identify which denomination is being used. The Regulations do not prevent a person showing the amount or consideration in both denominations, if desired, provided the appropriate symbols are included. |