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

mikemcdeedy100 · 2013-06-17 12:14:23

are the figures for materials and receipts on the tax return vat inclusive or is the vat taken off (ie ex. vat ) thanks

17-06-2013 12:14pm

#1

mikemcdeedy100

Banned (with Prison Access) Posts: 115 ✭✭

Join Date: May 2013

Posts: 90

are the figures for materials and receipts on the tax return

vat inclusive

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

thanks

0

Comments

#2 17-06-2013 1:10pm

thomlin

Closed Accounts Posts: 66 ✭✭

Join Date: May 2010

Posts: 64

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

0
#3 17-06-2013 1:33pm

mikemcdeedy100

Banned (with Prison Access) Posts: 115 ✭✭

Join Date: May 2013

Posts: 90

yes income tax return

and it sure does help

ex-vat it is then thanks

0
#4 17-06-2013 1:34pm

lakill Farm

Registered Users, Registered Users 2 Posts: 4,735 ✭✭✭

Join Date: June 2011

Posts: 4583

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.

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#5 17-06-2013 1:37pm

mikemcdeedy100

Banned (with Prison Access) Posts: 115 ✭✭

Join Date: May 2013

Posts: 90

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?

0
#6 19-06-2013 4:02pm

thomlin

Closed Accounts Posts: 66 ✭✭

Join Date: May 2010

Posts: 64

Hi Op,

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

Tom

0
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