Withholding VAT (WHVAT)

Withholding VAT is a mechanism that allows the supplier of goods or services to account for and pay VAT by deducting 7% of the VAT paid on behalf of the person making the payment.

Due dates for VAT returns

Thursday 31st January 2019

Thursday 28th February 2019

Friday 29th March, 2019

Tuesday 30th April, 2019

Friday 31st May, 2019

Friday 28th June, 2019

Wednesday 31st  July, 2019

Friday 30th August, 2019

Monday 30th September, 2019

Thursday 31st October, 2019

Friday 29th November, 2019

Tuesday 31st December, 2019

 

VAT Flat Rate Scheme (VFRS)

The VFRS is a special method for collecting and accounting for VAT. It is designed for retailers, wholesalers and importers of goods. From July 2017, these registered taxpayers will charge VAT at a rate of 3% on their taxable sales.