Cash Registers and Point of Sale Systems
Revenue has issued an information leaflet which highlights the changes to VAT Regulation 8, which came into effect on 2 July 2008. The leaflet has been issued to all VAT registered customers who deal in cash and to cash register suppliers, including software suppliers.
The most significant change affecting cash register records is that each record must now contain the date, time and sequential number. Chartered Accountants Ireland understands that Revenue do not propose at present to require all retailers to operate Electronic Point of Sale systems.
The information leaflet is available from http://www.revenue.ie/en/tax/vat/leaflets/index.html