VAT Returns

Outsource Your VAT Returns to Ensure You Stay Compliant

Accurately managing VAT returns is crucial for businesses in Ireland. The process can be intricate and time-consuming, demanding detailed attention and a solid grasp of tax regulations. 

Many businesses find that appointing an accountant to do their VAT returns is a smart move. At TaxAssist our accountants offer specialised expertise and current knowledge of tax laws, ensuring precision and compliance. 

Needless to say, late VAT registration, errors, late VAT returns and late VAT payments can all lead to penalties and possibly interest being charged. Allowing your TaxAssist Accountant to take care of your VAT affairs, not only gives you peace of mind, but it should also avoid you wasting your hard-earned cash on penalties and interest.

With professional support, businesses can concentrate on growth and operations, secure in the knowledge that their VAT responsibilities are expertly managed.

Our Expert VAT Return Services for Hassle-Free Compliance:

 

1. VAT Registration

We can assist with VAT registration and ensure your business is correctly registered with the appropriate VAT scheme.

2. Bookkeeping and record keeping

We can file your VAT returns using your own bookkeeping records or we can take care of your bookkeeping for you. We can maintain accurate and up-to-date records of all VAT-related transactions and organise and store VAT invoices, receipts, and relevant documents. 

3. VAT Return Preparation

Your local TaxAssist Accountant can prepare your VAT returns. We can handle all your bi-monthly, quarterly, or annual VAT returns as applicable. We calculate Input VAT (VAT paid on purchases) and Output VAT (VAT charged on sales) and prepare and file VAT3 Returns accurately and on time. This ensures compliance with all current VAT regulations and rates.

4. VAT Audits and Inspections

As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond with Revenue on your behalf. We can represent your business during VAT audits or inspections by the Revenue.

5. Error Correction

If you have filed VAT returns in the past that may not be accurate, we can help identify and correct any errors or discrepancies and file the amended returns if necessary.

6. VAT Advice and Planning

We work with our clients to provide strategic advice on VAT planning to optimise their tax efficiency and can advise on VAT implications of specific transactions or business changes. We look at the VAT schemes you are eligible for, and establish whether you would be better off adopting one. Some VAT schemes can lead to tax savings and a reduction in bookkeeping responsibilities.

 

Reliable VAT Services Tailored to Your Needs

Rest easy knowing your VAT returns are meticulously prepared and submitted on time. Reach out to us today. Get in touch on 1800 98 76 09 or submit an enquiry online to book your free initial consultation.

To find out more about your VAT obligations in Ireland you can refer to our guide: The Fundamentals of VAT: A guide for Irish Businesses