It depends on your business, but here’s a quick guide:

Easier if:

  • You only trade in Ireland.
  • You keep accurate records.
  • You use accounting software that automatically calculates VAT.

More complex if:

  • You trade with the EU or import/export goods.
  • You use postponed accounting.
  • You need to make adjustments or handle credit notes.
  • You’re on a special VAT scheme.

Tip

Using software or a tax advisor can help reduce stress and avoid errors. Speak to us today.