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receipts and materials ( inc. vat or ex. vat?)

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  • 17-06-2013 1:14pm
    #1
    mikemcdeedy100
    Banned (with Prison Access) Posts: 115 ✭✭


    are the figures for materials and receipts on the tax return

    vat inclusive

    or is the vat taken off (ie ex. vat )

    thanks


Comments

  • Options
    #2
    thomlin
    Closed Accounts Posts: 66 ✭✭thomlin


    I take it you are referring to the income tax return.

    If so then the figures are ex. VAT as you would have paid/claimed them during the course of business.

    HTH

    Tom


  • Options
    #3
    mikemcdeedy100
    Banned (with Prison Access) Posts: 115 ✭✭mikemcdeedy100


    yes income tax return

    and it sure does help

    ex-vat it is then thanks


  • Options
    #4
    lakill Farm
    Registered Users Posts: 4,735 ✭✭✭lakill Farm


    ah.

    If your vat registered its net of the vat - Vat taken off

    If your not vat registered its the gross amount - vat not taken off.


  • Options
    #5
    mikemcdeedy100
    Banned (with Prison Access) Posts: 115 ✭✭mikemcdeedy100


    ok

    i was vat registered for the tax year in question


    i have since de-registered


    so i assume i still take off the vat right?


  • Options
    #6
    thomlin
    Closed Accounts Posts: 66 ✭✭thomlin


    Hi Op,

    Yes if you were tax registered in the year of return then ex vat figures.

    Tom


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