RCT and VAT

Ireland Discussion in 'Technical Queries' started by 217078, Jan 14, 2019.

  1. 217078

    217078

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    I have a query about a question I have come across in my studies regarding a subcontractor accounting for their VAT on sales. They have 0% vat rate on sales. They invoiced the principal contractor as follows
    Total €1000
    Less RCT 20%. €200
    Balance due €800

    Does the company include amount before or after rct in the vat return?
     
    217078, Jan 14, 2019
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