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
- who is, or is required to be, registered for VAT.
Next: Exemption from VAT