Updated on April 20, 2022
To pay Value-Added Tax (VAT) through ROS and myAccount, you can choose from a wide range of payment options.
Information about electronic VAT returns and ROS payments can be found in Additional Guidance.
This section explains how to:
How to complete a VAT 3 return and reclaim VAT when it becomes due.
Taxes must be filed and paid by the 19th of the month following each period’s conclusion. This must be a legitimate and accurate tax return submitted via Revenue Online Service to the Collector General (ROS).
The VAT3 return is a record of the VAT you owe or are entitled to claim for the time period covered by the return.
Your VAT payback must be sent immediately to an account at a financial institution if you’ve received a reimbursable amount. The Collector-General, on the other hand, can withhold your repayments if you owe back taxes.
When VAT becomes payable
By the 19th day of the month after the end of each taxable period, you must file and pay your Value-Added Tax (VAT). This must be a legitimate and accurate tax return submitted via Revenue Online Service to the Collector General (ROS).
VAT returns can now be filed on the 23rd day of the month for ROS filers, rather than the 19th day of the month.
Late or non-payment of VAT can result in interest and penalties.
What are the taxable periods for VAT?
The taxable period is every January, March, May, July, September, and November, and lasts for two months (bi-monthly). However, the Collector-General has the authority to authorise the following taxable periods:
if you pay your bill in equal monthly instalments via direct debit
If your yearly VAT due is between €3,001 and €14,400, you must file quarterly returns.
If your yearly responsibility is less than €3,000, you will receive six-monthly returns.
What is the Return of Trading Details (RTD)?
Annually, you must fill out a Return of Trading Information (RTD) form. The RTD form provides a breakdown of the year’s purchases and sales by VAT rate.
It will be presented in your ROS mailbox at the end of the year when the RTD is completed.
How do you complete a VAT 3 return?
The VAT 3 return documents your taxable period’s Value-Added Tax (VAT) obligations and entitlements. The following is how the return should be completed:
tax form T1: sales-based value added tax
Your total VAT bill will be as follows:
providing products and services to customers
Intercommunity purchases of goods and services
VAT Postponed Accounting services were provided to imports of commodities.
T2: Purchases subject to VAT
The total amount of VAT that you are entitled to recover in relation to the following costs:
as they pertain to your taxable supply and qualifying activities.
VAT Postponed Accounting has been applied to intra-community acquisitions of products, which have received flat-rate additions.
When a credit note is issued or received, the T1 and T2 amounts may be modified.
T3 – Taxes owed
In cases where the T1 figure exceeds the T2 figure, the VAT must be paid to Revenue in full. The difference between the two numbers is the sum due.
T4 – Reimbursement of VAT
Where the T2 figure exceeds the T1 figure, you are entitled to a refund of VAT. The difference between the two numbers is the amount that must be repaid.
The VAT 3 must be marked zero at T1, T2, T3 and T4 if you have no VAT payable or reclaimable in the tax period.
Please keep in mind that ‘nil’ cannot be inserted anywhere in the document.
E1 – Trade within the European Union
The total amount of items shipped to customers in different EU countries is represented below..
E2 — Purchases of commodities within the European Union
Here we have the entire amount of items that have been obtained from suppliers outside of the European Union.
Intra-European service supply
All services provided to consumers in other European Union (EU) nations are included here.
ES2 — Services purchased within the European Union.
You’re paying for services that were provided by vendors outside of the European Union.
Accounts receivable postponed
Total customs value + customs duty of goods imported under Postponed Accounting, as stated in the Customs Declaration.
Please refer to this page for additional information regarding your duties to file electronic VAT returns and pay via ROS.
Repayment of VAT
A financial institution account must be set up to receive your VAT refund if your VAT return shows an eligible amount.
If you owe taxes, the Collector-General may withhold any or all of your repayments. If you haven’t paid all of your taxes, you may be able to deduct repayments from your tax bill.