Search Results for 'Receipt'

Business owners, self-employed persons, entrepreneurs, however we like to label ourselves, we have three things in common: Most of us love what we do. And we love getting paid for it. It’s the bits in between we don’t care for much.

NetStore.ie is a new online department store focusing on getting Irish retailers online and competing with the larger high street UK names that are dominating the marketplace here in Ireland. Online retail is worth about €3bn a year and growing by 20 per cent year on year so the news that the Exchequer is down by some €300 million in VAT may come as a surprise to some people.

Consumer rights

Q. I am running my own business and I am registered for VAT and prepare bi-monthly returns based on my invoices. I am currently experiencing some cashflow difficulties due to economic conditions, a friend recommended that I account for VAT on a cash receipts basis. What is this and how does this work?