All VAT-registered businesses are required to maintain records of purchases and sales. We can prepare these on your behalf in a format which simplifies the completion of your bi-monthly and annual returns. You may be entitled to a repayment of VAT which we will help you claim.
The VAT collected by the Government each year ranks second only to income tax in terms of the amount received from taxpayers. Revenue’s powers for enforcing or encouraging payment of VAT are wide, and are understandably feared.
It is very important that your returns are prepared correctly and sent to the Revenue on time to avoid penalties and interest.