Our VAT service maximises the benefits by putting your business on the right VAT method, keeping you compliant and in control.
As a general rule if your annual turnover is above the VAT threshold (currently €37,500 in the case of persons supplying services and €75,000 for persons supplying goods) you will need to register for VAT. We’ve helped many growing businesses progress to become VAT registered.
VAT efficiency and compliance
The Revenue Commissioners offer two methods that may be used by a VAT registered person to account for VAT charged on supplies. These two methods are the Invoice Basis and the Cash Receipts Basis (designed to minimise the cash flow pressures on small businesses).
Our VAT service focuses on two areas:
- VAT efficiency – We advise you on the best VAT method to join for your business and circumstances. In addition to this, we continually monitor to ensure this remains the optimal method and you are receiving the best benefits available.
- VAT compliance – We give clear and current guidance on applying the VAT rules. Making sure you fully comply.
Completing VAT returns can be frustrating and time-consuming. Using our book-keeping service and allowing us to complete your VAT tax returns bi-monthly leaves you free to work on your business and rest assured that your claim is accurate. Simply provide us with the paperwork – bank statements and invoices – and leave it to us to file your VAT return and inform you how much VAT you will need to pay.