The Value Added Tax Consolidation Act 2010 was signed into law on 23 November and all of its provisions are deemed to have come into force and apply as respects any taxable period commencing on or after 1 November 2010.

The Act which runs to 230 pages and contains 125 sections does not amend existing VAT legislation but draws and consolidates it together. The Act repeals existing VAT provisions in the Value-Added Tax Act 1972 as amended.