0% Section 56 Zero-rating of goods and services

Transaction Type: Sales Invoice and Sales Credit Note

Example: Metal Screw Washers

Required:

• Suppliers Name and address
• Supplier’s (your business) VAT Registration Number
• Customer’s Name and Address
• Customer 56 exemption number must be printed on Sales Invoice

You must get a copy of the section 56 exemption document. The exemption is only valid for 12 months, so you must always have a copy of the customer’s up to date section 56 exemption document

• Description of goods and service
• 0% VAT Rate to be used and that the 0% vat rate clearly identified on the Sales Invoice

More information:

Click to access special-schemes-s56-zero-rating-goods-and-services.pdf

Revenue Commissioners Tax Documents

VAT 3: (VAT Return)

Record the VAT amount of transactions only

Box T1

No VAT. Not required

RTD: (Return of Trading Details)

Record the NET amount of transactions only

Box D1