Guide to VAT Return of Trading Details for Annual Filing and Compliance Measures

• A new Tax and Duty Manual called VAT Return of Trading Details has been published
• The manual provides guidance on submitting the annual VAT Return of Trading Details (RTD)
• It includes information on the sections of the return, amending a VAT RTD, compliance measures, and addressing specific queries
• The manual should be read in conjunction with section 76 of the VAT Consolidation Act 2010 and Regulation 24(1) of the Value-Added Tax Regulations 2010
• Additional guidance is provided in the manual VAT
• Postponed Accounting
• The VAT Return of Trading Details is an annual return that all VAT registered persons must complete and submit to Revenue within 23 days of the end of their tax year
• The due date for RTD submission is the 23rd of the month following the end of the company’s, entity’s, or individual’s accounting period
• The purpose of the VAT RTD is to collect information on certain transactions and supplies, detailing total purchases and sales broken down by the Irish VAT rate

Source: revenue.ie

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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