VAT 3 accountant

visualise

Hi,
Would appreciate some advice on how much an accountant would typically charge to complete and submit bi-monthly VAT3 returns for a recently established small consultancy business with for example max 30 items of VAT refundable purchase receipts and max 10 sales receipts (per bi-month), with full details of purchases/sales already prepared within excel tables by us.

Would it be worthwhile just completing the VAT3 ourselves? - just a bit nervous in wanting to keep the books in correct order.

thanks a million.

Da GOAT

set up an excel sheet, done.

Clanket

Have to agree. It's very easy to do yourself.

If you wanted someone else to do it, we would normally roll the charge into the end of year accounts prep/audit fee.

PM if you want a specific figure.

PhoenixTax

With that number of invoices/receipts, it should be fairly easy to do youself. Do some research (Revenue website has good info) on what is allowable, return due dates etc. If any specific queries come up ask your accountant, they shouldn't charge if the query is straightforward enough.

visualise

Thanks for the advise folks! We'll attempt to do the VAT3 for our company ourselves. We keep internal records of the sales and purchases on spreadsheets, but do we need to submit these to revenue for each of the VAT3 periods?
Thanks again.

jockey#1

All you submit to the Revenue is the Vat 3 form with details of vat on sales & purchases and also any sales or purchases within the EU. At the end of the year you must submit a return of trading details which is very straightforward.

I would recommend using the Revenue's ROS service as you get an extension of 4 days to pay and submit your return.

Good Luck.

J.Ryan

No all you need to submit is the VAT 3 either on paper or via ROS. You should maintain your records for at least 6 years for audit purposes.

djk1000

It doesn't matter if you make mistakes here and there, once you sort them out at the end of year return, that's when an accountant would be useful.