What is VAT?

What is an accountable and a taxable person?

What is a taxable person?

A taxable person is any person who independently carries on a business in the European Union (EU) or elsewhere. It includes persons who are exempt from Value-Added Tax (VAT) as well as flat-rate (unregistered) farmers.

What is an accountable person?

A person who is required to charge VAT in the State is referred to as an accountable person.

An accountable person is a taxable person (for example, an individual, partnership, company) who:

  • supplies taxable goods or services in the State
  • and
  • who is, or is required to be, registered for VAT.

Next: Exemption from VAT