On 16 January 2024, the Irish Revenue published eBrief No. 024/24 concerning a new Tax and Duty Manual that offers guidance about the annual VAT Return of Trading Details. This guide will provide assistance to filers submitting the annual VAT Return of Trading Details (RTD). Guidance is included about the sections of the return, amending a VAT RTD, compliance measures, and addressing specific queries raised about VAT RTD filing.
The annual period of the RTD is based on a company’s, entity’s, or individual filer’s accounting period for corporation tax or income tax filing. The due date for RTD submission is the 23rd of the month following the month in which the company’s, entity’s, or individual’s accounting period ends. For example, if the company’s accounting period ends on 31 August, the RTD return must be submitted by 23 September.
The purpose of the VAT RTD is to collect information on certain transactions and supplies. The RTD form details the total purchases and sales for the year, broken down by the Irish VAT rate.
