Quick questions about RTD form

Lord TSC

Hey all.

Just filed out my fifth VAT return, for the period of Nov & Dec, and got a new page pop up thats asked for an Annual RTD form to be filled out. God loves forms :rolleyes:

Anyway, I just have three quick questions.

1. I presume that its just taking all the figures I've input for the five returns I did this year (I didn't register till March, hence five for the year instead of six) and plugging them in?

2. "Have you made supplies of goods and/or services"? The wording is confusing me. What exactly is that asking me for? How much I sold?

3. "Did you purchase goods of services that are not for resale but where VAT paid can be claimed as an input credit"? So would that count things like the partial VAT credit I take for my internet (as an online business), printer ink, etc? Basically, anything bought that I claimed VAT back on but didn't resell, right?

Thanks in advance guys and gals. Just when I think I've got everything sorted out, they throw a new form at me to figure out :P

Ted001

Lord TSC wrote: »

Hey all.

Just filed out my fifth VAT return, for the period of Nov & Dec, and got a new page pop up thats asked for an Annual RTD form to be filled out. God loves forms :rolleyes:

Anyway, I just have three quick questions.

1. I presume that its just taking all the figures I've input for the five returns I did this year (I didn't register till March, hence five for the year instead of six) and plugging them in?

2. "Have you made supplies of goods and/or services"? The wording is confusing me. What exactly is that asking me for? How much I sold?

3. "Did you purchase goods of services that are not for resale but where VAT paid can be claimed as an input credit"? So would that count things like the partial VAT credit I take for my internet (as an online business), printer ink, etc? Basically, anything bought that I claimed VAT back on but didn't resell, right?

Thanks in advance guys and gals. Just when I think I've got everything sorted out, they throw a new form at me to figure out :P

1. The return encompasses all of your trading for the year as regards purchases and sales so you may have zero rated or exempt transactions in Ireland which you may not have included in your bi-monthly workings. Also it's a return of the values net of VAT which form part of the RTD as opposed to the VAT values themselves.

2. If you say yes to this, a further list of options will open up where you input your net transactions under this heading at each VAT rate. Yes, it is collecting data regarding all sales.

3. Yes - this is items which you are claiming purchase VAT on but the item is not being resold. Accountancy fees are a good example here.

tandcapply

Sorry to Jump in, for a services company, simply invoicing a customer and claiming VAT on accountants fees & etc.
Would you only fill out the P1 and R2 fields in the VAT RTD form?
-P1 (Have you made supplies of Goods and/or Services)
-R2 (Did you purchase goods or services that are not for resale but where VAT paid can be claimed as an input credit)

TIA

Steve

tandcapply wrote: »

Sorry to Jump in, for a services company, simply invoicing a customer and claiming VAT on accountants fees & etc.
Would you only fill out the P1 and R2 fields in the VAT RTD form?
-P1 (Have you made supplies of Goods and/or Services)
-R2 (Did you purchase goods or services that are not for resale but where VAT paid can be claimed as an input credit)

TIA

Yes, that's what I did.

If you are unsure about R2, call revenue or ROS help, they are actually very helpful. You can (simplified version) reclaim VAT on stuff purchased that you would not have otherwise purchased if you were not engaged in the course of your business.

tandcapply

Steve wrote: »

Yes, that's what I did.

If you are unsure about R2, call revenue or ROS help, they are actually very helpful. You can (simplified version) reclaim VAT on stuff purchased that you would not have otherwise purchased if you were not engaged in the course of your business.

Thanks.

emeldc

I think I need to fill in 8 years of RDT forms :eek:. I did it once but made a complete hash of it. Are they important. They've never asked me for them. I'm up to date in everything else .