VAT 3 Return and VAT return of trading Details

Feb 24, 2021

Revenue’s Tax and Duty Manual VAT - Postponed Accounting sets out how to capture the use of Postponed Accounting in the VAT 3 Return and the VAT Return of Trading Details. 

The VAT 3 return has been amended to include an additional field/box PA1 to capture the value of goods imported under Postponed Accounting (net plus carriage, insurance and freight). The VAT is then accounted for at T1 and T2 (subject to the usual rules of deductibility).

The VAT Return of Trading Details (‘RTD’) has been amended to include additional fields/boxes PA2, PA3 & PA4 to capture the value of goods imported under Postponed Accounting.