VAT has always been a complex issue and, unsurprisingly, Irish businesses can find it a challenge to adhere to the Office of Revenue Commissioners (Revenue) guidelines. In this eBook we demystify some of the facts around tax and expenses.
In recent times, Revenue has become more focused on assisting businesses of all sizes to comply with their policies and implement good governance when it comes to finance.
The reality though can sometimes be confusing and the penalties for getting it wrong severe. It is not surprising that many businesses outsource their tax management to experts or run the risk of muddling through and being non-compliant. There is a real need for unambiguous, helpful advice about expenses, VAT and Revenue compliance.
This guide shines a light on the processes, practices and behaviours around tax and expenses based on some of the frequently asked questions we receive. When you get tax compliance right, not only will your business and Revenue become more confident in your process, reclaiming VAT on your expenses can actually put money back in your budget.
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