Quick advice on VAT

infoinfoinfo

I would like to find an advice on how often do we as a new LLC have to pay VAT return.

Lets say we are online retail website with low turnaround as new company. What is the most common practice on paying VAT?

Every 2 months, or just every 6 months?

Many thanks for any help

dbran

Its usually every two months but if the amount of VAT payable is low the revenue may allow the return to be quarterly or even 6 monthly.

dbran

infoinfoinfo

Thanks a lot! As for the "low" - what amount does that mean? And if we wanted that, do we request it beforehand? Many thanks

dbran

Revenue will decide. You dont get to choose.

dbran

sohappy

Revenue put me on 6 monthly when I registered and I requested to change to 2 monthly , they had no problem changing I just had to wait until the first period had passed,

dbran

They dont mind so much going from 6 months to 2 months. Going the other way they are a bit more careful of.

delahuntv

Call revenue and chat to them - they are not monsters. I have always found them to be extremely good at giving advice / infomation. Of all government depts, they are by far the most user friendy and helpful.

jimmii

Same with Revenue I filed the wrong period one time and the lady in the phone was incredibly helpful and it was sorted in a couple of hours was expecting it to take ages and be a massive pain. Compared to dealing with other government bodies it was incredibly straight forward.

CIARAN_BOYLE

You can get some details here

http://www.revenue.ie/en/practitioner/ebrief/archive/2007/no-272007.html