VAT Returns

VAT returns in Ireland are unforgiving: the deadlines are fixed, the rules are detailed, and Revenue charges interest on mistakes. We take VAT off your plate, correct registration, accurate bi-monthly returns and the annual Return of Trading Details, all filed through ROS. We look after VAT for businesses across the Midlands and the rest of Ireland.

Getting VAT registration right

The first decision is whether, and when, to register for VAT. Register too late and you may owe VAT you never charged; register without need and you take on filing obligations you could have avoided. The registration thresholds differ for goods and services and are updated from time to time, so the current figures should always be confirmed with us or Revenue.

We assess your turnover, the nature of your supplies and your customer base, including whether you trade with businesses elsewhere in the EU, and advise on the right approach. Where registration is needed or worthwhile, we handle it for you, including registration for intra-EU trade where that applies.

Accurate returns, filed on time

Ireland’s standard VAT rate is 23%, with reduced rates and zero rates applying to particular goods and services. Getting the right rate on each transaction is where most VAT errors creep in, which is why clean underlying records matter so much. With solid bookkeeping behind it, your VAT return becomes a review rather than a reconstruction.

For each VAT period we:

• check that sales and purchases are coded to the correct VAT rate
• reconcile the VAT return to your books
• account correctly for reverse charge, intra-EU and import VAT where relevant
• prepare and file the VAT3 return through ROS before the deadline

Most businesses file every two months, though Revenue can set a different frequency depending on your liability. We track whichever pattern applies to you so nothing is missed.

The annual Return of Trading Details

Alongside the periodic returns, Revenue requires an annual Return of Trading Details (RTD) summarising your sales and purchases by VAT rate. It needs to reconcile to your VAT3 returns, and Revenue can hold back refunds while it is outstanding. We prepare and file the RTD as part of the service so it agrees with the figures already submitted.

Specialist VAT, handled properly

Some VAT situations need more than routine processing. Property transactions fall under particularly complex rules; our VAT on property service covers sales, lettings and developments. We also help with cross-border trade, the treatment of mixed supplies, and the correction of earlier errors through a qualifying disclosure to Revenue.

The goal is the same throughout: returns that are right and on time. VAT compliance sits naturally alongside the rest of your compliance taxation obligations, so we can keep your whole Revenue position in order.

Wherever you trade, near our Longford office or anywhere in Ireland, we will keep your VAT clean and current. Book a free consultation and we will take the VAT worry away.