What is VAT?
Who are taxable and accountable persons?
Who is a taxable person?
A taxable person is any person who independently carries out 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.
Who is 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
- is registered or required to register for VAT.
As such they are required to charge VAT in the State.
Next: Exemption from VAT