With effect from 1 June 2012, new tax *regulations come into effect which will apply to the way certain individuals and registered businesses pay VAT.
The new regulations will mean that specified taxpayers must now use the Revenue Online Service (ROS) in order to electronically submit VAT returns and VAT payments.
In the case of a client who has requested that we deal with their VAT returns, no further action will be required as we are already using Revenue Online Service (ROS).
However, if you still attend to your own VAT returns, it will be necessary to implement relevant procedures in order to ensure that you will be able to file VAT returns and make VAT payments electronically in accordance with the new regulations.
* Tax Returns and Payments (Mandatory electronic filing and payment of tax) Regulations 2012
If you would like help or guidance in relation to the new regulations, please contact a member of our professional Team on +353 74 912 2820 or email us at: email@example.com.
The information contained in this update may be subject to change and accordingly is not a substitute for professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional advisor. This firm shall not be responsible for any loss whatsoever sustained by any person who relies on this update.