VAT Returns for RCT Sub-contractor

linola_c

Hi all

I am a subcontractor and my principal pays RCT tax and accounts for VAT on my services directly to the Revenue.

This is the first cycle where i have had VAT owing so say i had 1000 euro of VAT on my sales (paid by my principal to revenue) and 200 euro on vat on purchases to reclaim, which leave me with a 800 VAT bill.

When I am filing my VAT3 on ROS, do i just say file without payment as obviously i don't need to pay the 800 as its already paid to the Revenue?

Thanks

Happy4all

linola_c wrote: »

Hi all

I am a subcontractor and my principal pays RCT tax and accounts for VAT on my services directly to the Revenue.

This is the first cycle where i have had VAT owing so say i had 1000 euro of VAT on my sales (paid by my principal to revenue) and 200 euro on vat on purchases to reclaim, which leave me with a 800 VAT bill.

When I am filing my VAT3 on ROS, do i just say file without payment as obviously i don't need to pay the 800 as its already paid to the Revenue?

Thanks

The Principal deals with the VAT on your services. VAT on Sales (Box T1) Nil & VAT on Purchases (Box T2) €200 = €200 refund.

linola_c

Oh dear thanks very much!