Comments on: September 1 - The New RCT VAT rules - or its official name ‘Reverse Charge VAT’ http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/ Being self-employed in Ireland. Profit, Tax, Accounts, Business Supports, Financial Control. Sun, 05 Feb 2012 15:10:40 +0000 http://wordpress.org/?v=2.2.2 By: Niamh Pedreschi http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-241 Niamh Pedreschi Wed, 08 Oct 2008 15:00:46 +0000 http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-241 Hi Aileen, You explained that very well. For the small contractor it means that their turnover will be down by 21%. Now won't that make a difference when asking the bank manager for an overdraft facility or even an increase in the size of an overdraft. I had some questions and they were answered by my accountant who said that this ruling was two years or thereabouts in the planning. One can't help but wonder if someone somewhere foresaw a downturn coming down the line (as the lads working on the construction sites did). By putting this into place the main contractor would technically have more assets than the subcontractors should God forbid the subcontractor go out of business. Hi Aileen,

You explained that very well. For the small contractor it means that their turnover will be down by 21%. Now won’t that make a difference when asking the bank manager for an overdraft facility or even an increase in the size of an overdraft.

I had some questions and they were answered by my accountant who said that this ruling was two years or thereabouts in the planning. One can’t help but wonder if someone somewhere foresaw a downturn coming down the line (as the lads working on the construction sites did). By putting this into place the main contractor would technically have more assets than the subcontractors should God forbid the subcontractor go out of business.

]]> By: Eimer http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-240 Eimer Thu, 02 Oct 2008 19:04:30 +0000 http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-240 Hi Aileen thanks for the above, cyrstal clear now ! Regards Eimer Hi Aileen
thanks for the above, cyrstal clear now !
Regards
Eimer

]]> By: Aileen Hannan http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-56 Aileen Hannan Sat, 06 Sep 2008 14:43:35 +0000 http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-56 hi patricia, you are already a customer, just ring us we will explain it for your situation. i agree it is a bit nonsensical. hi patricia, you are already a customer, just ring us we will explain it for your situation.

i agree it is a bit nonsensical.

]]> By: Patricia O'Sullivan http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-55 Patricia O'Sullivan Sat, 06 Sep 2008 12:34:21 +0000 http://sortmybooks.ie/wordpress/2008/08/19/september-1-the-new-rct-vat-rules-or-its-official-name-reverse-charge-vat/#comment-55 cant understand one bit of it, put me down for one of your courses Regards Patricia 064 41513 cant understand one bit of it, put me down for one of your courses
Regards
Patricia 064 41513

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