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VAT as a deduction when VAT registration cancelled by Revenue

Calahonda52 · 2024-01-23 15:50:53

After a Revenue audit, Revenue cancelled the VAT registration and several k was paid in VAT, with penalties which I know are not allowable as an expense, but what about the VAT. It went back two years so do I restate the two years accounts? The reason for cancellation was that trade was deemed to be carried out off shore…

23-01-2024 3:50pm

#1

Calahonda52

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Posts: 12254

After a Revenue audit, Revenue cancelled the VAT registration and several k was paid in VAT, with penalties which I know are not allowable as an expense, but what about the VAT.
It went back two years so do I restate the two years accounts?
The reason for cancellation was that trade was deemed to be carried out off shore so place of business was not Ireland
Thanks as always

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