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completing rtd form

  • 05-02-2012 11:45pm
    #1
    clarke85
    Registered Users, Registered Users 2 Posts: 24 ✭


    Hi there can u confirm my questions on completing this form,

    all i have is supply of goods and services @13.5%
    and the materials i have purchased and claimed vat back on @21%
    and also one company i do work for which is vat exempt for invoices i send them.

    so basically all i do is fill out the net amount of my invoices for my work i carried out all year which was @13.5% in the "SUPPLIES OF GOODS AND SERVICES EXCLUDING VAT" column @13.5%

    and for all my purchases of materials throughout the year i fill out the "OTHER DEDUCTIBLE GOODS AND SERVICES (ie purchases, intra EU acquisitions & imports) EXCLUDING VAT" column and use the 21%


    for the exempt company i invoice i do not charge them vat as they export do i fill in fields here for this ???

    is it safe to say that all the t1 an t2 i have used all year in each vat3 i have filed can be used as i have stated below to calculate the fields to be filled out on the rtd

    t1 = €300 all my sales are 13.5%

    t2 = €2000 all my purchases are 21%


    €300/13.5 x 100 = €2222.22 - €300 = 1922.22


    €2000.00/21 x 100 = €9523.80 - €2000 = 7523.80

    only one more question all my payments are as subcontractor i was deducted 35% on most of my payments the revenue recieved all the vat from the principal contractor as i did not have to fill any of this vat from these payments on any of the vat3 forms i filed throughout the year should i include these payments on the rtd form?


    i hope i have explained this easily enough for you to understand.

    regards.


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