Posted by Revenue eBrief No. 024/24
VAT Return of Trading Details
A new Tax and Duty Manual – VAT Return of Trading Details – is published to provide assistance to filers submitting the annual VAT Return of Trading Details (RTD). Guidance is included about the sections of the return, amending a VAT RTD, compliance measures and to address specific queries raised about VAT RTD filing.
EXTRACT:
1 Introduction
This manual provides guidance to assist with the filing of the VAT Return of Trading Details (VAT RTD). This is an annual return which all VAT registered persons are required to complete and submit to Revenue, Within 23 days of the end of the accountable persons’ tax year. The statutory requirements underpinning the VAT RTD is set out in Appendix 1.
The annual period of the RTD is based on a company’s, entity’s or individual filer’s accounting period for corporation tax or income tax filing. The due date for RTD submission is the 23rd of the month following the month in which the company’s, entity’s or individual’s accounting period ends. For example, if the company’s accounting period ends on 31 August, the RTD return must be submitted by 23 September.
The purpose of the VAT RTD is to collect information on certain transactions and supplies. The RTD form details the total purchases and sales for the year, broken down by the Irish VAT rate.
Bookkeepers Ireland 