VAT - Change in Repayment System

Change in system of VAT repayments

Practitioners will recall that Issue 30 of Tax Briefing provided details on the changeover to the Direct Repayment System for all VAT repayments with effect from1 July 1998. If traders have not already provided to the Collector-General details of their bank/building society account to which repayments may be credited, they should do so immediately.

Substantial delays will be experienced by traders awaiting repayments who have not provided these details before 1 July 1998.

The details required are:

• Name and Address of Trader
• VAT Number
• Name and Address of Bank/Building Society
• Branch Sort Code
• Bank/Building Society Account Number.

If practitioners or traders require any further information or assistance on this matter they may contact:

Collector-General’s Office,
Sarsfield House,
Francis Street,
Limerick.

Telephone: 061 - 310310

(For Dublin Callers: 01 - 677 4211)

Fax: 061 - 401013.