Revenue is engaging with VAT registered businesses as it transitions taxpayers from the VAT Fixed Direct Debit (FDD) Scheme to a Variable Direct Debit (VDD) facility, in line with standard industry practice. As a consequence, annual VAT filers on FDD will be required to file returns on a bi-monthly basis.
The FDD scheme for VAT will be removed on a phased basis from mid-2025 following the introduction of a VDD facility and as taxpayers roll off their annual VAT filing period. Revenue is writing to VAT registered businesses currently availing of the FDD scheme advising them of its cessation. In addition, a copy of this letter will be sent to the linked Agents’ ROS Inboxes by tomorrow, Tuesday 8 April.
It is important to note that taxpayers and their agents do not need to take any immediate action for now and they should continue with their monthly FDD payments. Revenue will contact taxpayers again as they approach their annual filing period end, outlining the specific actions required to transition to VDD.
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