The Irish Revenue Commissioners have issued a notice outlining changes to the EU's VAT Information Exchange System (VIES). New requirements will facilitate the reporting of cross-border services supplied within the EU (currently only the supply of cross-border goods needs to be reported) From 1 January 2010, Irish VAT registered suppliers must submit a VIES statement detailing all the VAT registered customers in other Member States to whom they have supplied services in respect of which that customer is liable for payment of the VAT due. The applicability of the provision will depend on whether a fund is VAT registered and on national interpretations of VAT exempt services. It is anticipated that the vast majority of funds serviced in Ireland will not be affected by the change in reporting requirements, as investment funds domiciled in Ireland are VAT exempt and the provision does not apply to non EU jurisdictions, such as Cayman or BVI.