Marketing Co. is an Irish marketing company. Its offices, where its entire staff works, are located in Dublin. In February 2020 they were engaged and commenced provision of services to SEAT, S.A., a large Spanish car manufacturer with its head office in Martorell, Spain. Marketing Co. invoices seat at the beginning of the month for the coming month, and SEAT immediately pays invoiced amount. In February 2020 the invoiced amount was 100,000 euros. In addition, Marketing Co. provided in February 2020 marketing services to several Irish companies (for a total consideration of 250,000 euros) and one Irish natural person (consumer) (for a consideration of 75,000 euros). In February 2020 Marketing Co. received the following input supplies in exchange for the following consideration (all amounts were invoiced and paid in February): electricity for 5,000 euros, stationary for 1,000 euros, IT-services for 10,000 euros, a loan of 40,000 euros for which it paid in February 2020 200 euros of interest and accounting for 1,500 euros. All the input supplies were provided by Irish taxable persons. The VAT rate in Ireland is 23% and in Spain, 21%. All the amounts are exclusive of VAT (if any).

1.1.   What is the output tax due from Marketing Co. for February 2020?

1.2.   Is any VAT due from Marketing Co. for February 2020 in Spain?

1.2.2.    If not, is, based on the question, any VAT due from someone else in Spain? If yes, how much?

1.3.   What is the input tax of Marketing Co. for February 2020?

1.4.   How much VAT is due from Marketing Co. to the Revenue (or from the Revenue to Marketing Co.) for February 2020?

Answer rating: 100% (QA)

11 The output tax due from Marketing Co for February 2020 is 23000 euros 12 No VAT is due from Marke... View the full answer