Value-Added Tax (VAT) is applied to any goods or services in Ireland, even the ones that are imported into the country. It is charged on the total sum of the merchant’s products, on any services done abroad, and on goods acquired from EU member states. It includes all taxes, commissions, costs, and charges. The standard rate of VAT is 23% for goods and services that are not in any reduction category.

VAT is applied to goods—whether new or used—that include electricity, gas, power, heat, ventilation, or refrigeration. Their place of supply determines whether Irish VAT will be applied or not.

You must file and pay your VAT on the 19^th day of the month at the end of each taxable period—which is bi-monthly. Revenue recommends that you furnish your VAT using the Revenue Online Service (ROS).You must make your VAT repayments to a financial institution’s account.

Business Consulting Hub Accountants help you meet VAT responsibilities, no matter if you are new or if you are the owner or employee of a business.

VAT our Forte

We know that late VAT registration, errors, late VAT returns, and late VAT payments lead to penalties, liabilities, and a possible interest charge. Your Business Consulting Hub Accountant will take care of your VAT affairs and help you avoid getting a penalty.

We can help you find out if you qualify for VAT when you want to start a business by calculating whether you will exceed a threshold based on your turnover. We will monitor your situation and deal with paperwork when you register for it on Revenue.

Sometimes, businesses may be reaching a threshold, but they are able to deregister from VAT. We will also let you know if you can deregister from VAT and if you will benefit from it.

We look at eligible VAT schemes for new or old businesses and find out which ones you should adopt, or which ones you should mix. Some VAT schemes help with tax savings or reduce bookkeeping responsibilities.

Your Business Consulting Hub Accountant can prepare your VAT return from your bookkeeping records, or take care of both record keeping and the VAT return. He/she will make sure that you claim as much VAT as possible and avoid any liabilities.

We can also act as your VAT Agent and correspond with Revenue. Our software allows us to file your VAT returns online and ensure that they meet the deadline.