Latest News


Keep up to date with us.... always


Call +353 1 8827 600

REQUEST YOUR MEETING TODAY

VAT - Postponed Accounting - 29 January 2021

RMcH states: revenue are providing a cashflow help to businesses paying import Vat, read on

The Postponed method of Accounting for VAT on imports has been introduced in Ireland for imports by businesses into Ireland from non-EU countries (including Great Britain), to alleviate cash flow issues that could arise following the departure of the UK from the EU. The scheme allows Irish businesses to elect to account for import VAT in the next VAT return rather than having to pay VAT upfront at the time of importing the goods.   
 
Both the VAT return and the Annual Return of Trading Details (RTD) have been amended to include additional fields/boxes to capture the value of goods imported under Postponed Accounting.
 
For further information please see the new Tax and Duty Manual VAT – Postponed Accounting recently published by the Revenue Commissioners. The Tax and Duty Manual Part 38-01-03b – Guidelines for VAT registration has also been updated to include procedures relating to Postponed Accounting.  
 
Source: www.revenue.ie

 

Click to go back

 

 

 

So what are you waiting for? Call Today and talk to us about how we can make a real difference to your business. Arrange your Meeting using the form below or call us direct on +353 1 8827 600.

ARRANGE YOUR MEETING TODAY! JUST FILL OUT OUR QUICK AND EASY FORM...

At the FREE, No-Obligation Meeting You Will Receive:

  • 3 proven and easy-to-apply strategies which could add hundreds (even thousands) of value to your business
  • Powerful solutions to your most pressing financial challenges (cash flow, cost management, profitability, etc).
  • €100 to your favourite charity if you do not consider our meeting to be of immense value to you





Still Not Convinced? Why not take a moment to watch this video and see the difference a Super Accountant can make to your business!

Remember, you can call us with any questions direct on +353 1 8827 600 OR you can find our contact details here