VAT Services
VAT compliance is one of the most demanding ongoing obligations for Irish businesses. Place Finance Services manages the full VAT process for sole traders and SMEs — from registration through to returns — ensuring you remain compliant and avoid costly penalties.
Why Get Professional VAT Support?
Once a business exceeds the VAT registration threshold in Ireland — currently (2026) €42,500 for services or €85,000 for goods — registration with Revenue becomes a legal requirement. From that point, VAT returns must be filed on a bi-monthly, quarterly, or annual basis depending on your turnover.
Errors in VAT returns, missed deadlines, or incorrect rates can result in Revenue surcharges, interest charges, and potential audits. Getting it right from the outset is far less costly than correcting mistakes later.
Place Finance Services takes full ownership of your VAT obligations — preparing accurate returns, submitting them through ROS, and keeping your records in order throughout the year.
Our VAT services include:
VAT registration with Revenue
Preparation and submission of VAT returns via ROS
Bi-monthly, quarterly, and annual VAT filing
VAT reconciliation and record-keeping
Advice on applicable VAT rates for your goods or services
Support with VAT deregistration where applicable
Our Approach
Based in Wicklow, Place Finance Services works with clients across Ireland both remotely and in person. We manage your VAT returns on a consistent schedule, keeping your records accurate and your submissions on time — so you can focus on running your business without the worry of compliance.
Frequently Asked Questions
When does a business need to register for VAT in Ireland?
A business must register for VAT when its turnover exceeds or is likely to exceed €85,000 for the supply of goods or €42,000 for the supply of services in a 12-month period. Voluntary registration is also possible below these thresholds, which can be beneficial if you have significant VAT-able expenses. Place Finance Services can advise on whether registration is appropriate for your business.
How often do VAT returns need to be filed?
Most VAT-registered businesses in Ireland file bi-monthly returns, meaning six returns per year. Revenue may agree to quarterly or annual filing for businesses with lower turnover or consistent VAT repayment positions. Place Finance Services manages your filing schedule and ensures every return is submitted on time.
What VAT rate applies to my business?
Ireland operates several VAT rates depending on the type of goods or services supplied. The standard rate is 23%, with reduced rates of 13.5%, 9%, and 0% applying to specific categories. Applying the wrong rate is a common and costly error. Place Finance Services will confirm the correct rate for your business and ensure it is applied consistently across your returns.
What happens if I miss a VAT return deadline?
Missing a VAT deadline can result in a surcharge of up to 10% of the VAT liability, plus interest on any unpaid amounts. Repeated late filing can also increase the likelihood of a Revenue audit. Place Finance Services monitors all filing deadlines on your behalf and submits returns well in advance to avoid any risk of penalties.
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