Time to Act - Annual VAT Recovery Rate

Monday, 10 June 2019

If your business has a 31 December year end and does not have full VAT recovery entitlement, your annual VAT recovery rate review and adjustment is due to be completed and submitted to the Irish Revenue by 23 July 2019 to avoid potential interest and penalties.

This exercise applies to any business who is engaged in a mixture of VAT exempt and VATable activities across a number of different industries including financial services, property letting, healthcare, education etc.  

The team at Byrne Wallace Shields LLP has extensive experience in advising on, developing and reviewing VAT recovery rate methodologies and calculations for clients without full VAT recovery.

Please contact either Anthony Smyth or your usual Byrne Wallace Shields LLP contact to discuss how we might be able to assist you.

Also for further information on our VAT and Indirect Taxes service offering please click here