What is VAT?

Who are taxable and accountable persons?

Who 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.

Who is an accountable person?

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

  • carries on a business in the State
  • and
  • is required or entitled to register and account for VAT in connection with that business.

Next: Exemption from VAT