Do you supply goods or services to businesses in other EU countries?
Every VAT-registered business in Ireland which supplies goods or services at 0% VAT to a VAT-registered business in another EU country must submit a VIES return on a monthly or quarterly basis.
VIES is the VAT Information Exchange System. It allows the exchange of certain VAT data between EU Member States to combat fraud and other irregularities.
VIES returns are normally made quarterly and must be filed online.
Failure to comply with VIES regulations can result in a penalty of €4,000 and Revenue have an active prosecution policy in this regard.
If you need assistance with preparing VIES returns, contact us today on 021 240 9120 or email@example.com.