Meanings of irrecoverable vat in English

The burden of irrecoverable VAT continues to weigh heavy on the voluntary sector.

This is through tax collected on employee salaries, irrecoverable VAT, fees paid to professional services firms based here as well as other Irish based suppliers.

Irrecoverable VAT paid by banks now stands at 4 billion pounds, according to a Sept 2015 study by bank lobby group BBA.