Hey guys, just filing my VAT3 on ros.ie and I’m getting a message saying "RTD is due for VAT Accounting Year". You don’t generate ros files for this, do you? Any tips on collating this data?

Vote Up
0
Vote Down

Hey guys, just filing my VAT3 on ros.ie and I’m getting a message saying “RTD is due for VAT Accounting Year”. You don’t generate ros files for this, do you? Any tips on collating this data?

1 answer

Vote Up
0
Vote Down
Peter Connor ⋅ Staff February 6, 2016
Public

Hi Scarlet,
So RTD flushed We don’t do that return or generate that report. It’s basically about paying EU VAT, if you trade with the UK paying UK VAT etc. 
Talk to your accountant if you do very little they might suggest ignoring it. It’s being around for years but never really enforced. 
Have a call with your accountant and let me know what they think.
Pete

#answer-2725
  1. scarle1 February 6, 2016
    Hi Pete, I spoke to Revenue earlier. He said people used to ignore it so this year they're clamping down. They won't issue a tax clearance cert if it hasn't been filed, which is an issue for me. I have a few clients abroad and like anyone with an internet connection I buy services and products from abroad too. So I'll have to do it. I'm guessing it's possible to download my year's accounts as a spreadsheet to make the job easier?
  2. Peter Connor February 6, 2016
    Ok, but what did your accountant say. He might suggest the numbers are so low just file a zero return.
    For us to build a report is the same work as creating the return - if it was easy we'd deffo have it done. We spent about 3mts on it but nobody was filing it so we canned it.
    There is no report you can export. But what you could do is export all your invoices and export all your bills. You'll find that function in each section and also in Settings.
    And just spin through them fast - then hight the ones that look EU based. Then calc that.

    Does that make sense - you'll read through stuff much quicker on excel. Not all the info you need will be there but you'll find be able to look up the actual Bill/Inv in Bullet.
    Does that make sense - don't forget there is a search function in Bullet in each dashboard.
    Another way would be to go by Client - you'll probably know your EU clients.
    So go top down. OK?
  3. scarle1 February 6, 2016
    Hi Pete, Yep that makes sense, it shouldn't be too complicated if I can export the moneys in and moneys out. Thanks for your help!
  4. Peter Connor February 6, 2016
    Cool - they won't have all the info you need, but you can scan pick the ones that you need to open in Bullet.
    When you're up for the nobel you can wear a Bullet T.

Please login or Register to Submit Answer