Mergers Acquisitions and Sales

The acquisition or disposal of a company by means of acquiring/disposing of its share capital can result in irrecoverable VAT costs.

The Revenue Commissioners take the view that any dealings in shares is exempt from VAT and any VAT cost incurred in connection with the transfers is not deductible.

With the VAT rate of 21% applicable to professional fees, the cost can be significant. The entitlement to recover such VAT has been the subject of an ECJ case (CIBO case C-16/00). The Irish Revenue have been slow to implement the findings of this case.

Our specialist team can advise you on your right to input VAT recovery and how best to structure any purchase. For further information please email  or call 061 414 455.

Key Contacts

Denis Herlihy

Tel: +353 61 414 455

Paul Nestor

Tel: +353 61 414 455

Pat Sheehan

Tel: +353 61 414 455

BDO International
Terms & Conditions

BDO is a firm of registered auditors and is registered to carry on audit work in Ireland and the UK by the Institute of Chartered Accountants in Ireland. Details about our audit registration can be viewed at under reference number 223876. BDO is also authorised to carry on investment business in the Republic of Ireland by the Institute of Chartered Accountants in Ireland.