As discussed in our last issue, recovering foreign VAT is often a cash flow opportunity that companies sometimes overlook. New legislation was introduced with effect from 1 January 2010 in relation to making such reclaims electronically. Due to the delay in some Member States in launching their web-portals however, the EU Commission (on 15 July 2010) adopted a proposal to extend the deadline for submission of foreign VAT refund claims from September 2010 to March 2011. Irish VAT reclaims can be made via ROS, Revenue’s on-line tax compliance system.