Section 1 - General Information
1.1 - Has the business reviewed its VAT function in the last four years
1.2 - If so, did this result in a disclosure to Revenues
1.3 - Has the business had a Revenue audit in the last four years
1.4 - If so, did this result in a Revenue assessment
1.5 - Do you have a designated employee to manage the VAT function for your business
1.6 - Has the business entered into or considered any VAT planning arrangements in the last four years
1.7 - Does the business have any VAT registrations in other EC/Non EC countries
Section 2 - Records and Returns
2.1 - Is a VAT invoice issued no later then the 15th day of the month following the month the supply occurs
2.2 - Where an invoice has VAT applied at zero, exempt or outside the scope, is there evidence retained to confirm the correct treatment has been applied
2.3 - Do you obtain and keep valid VAT invoices to support the recovery of VAT allowable on operating costs
2.4 - Have the new rules on invoicing been applied
2.5 - Are VAT returns submitted on time
2.6 - When completing VAT returns are non routine transactions considered and included
2.7 - Are VAT returns reconciled to accounting records and information including order reports and ledgers
2.8 - Is VAT input tax deducted when the invoice is received from the supplier
2.9 - Is the business confident that there are sufficient checks and controls in place to ensure correct accounting
2.10 - Have any returns submitted in the last four years been found to be subsequently incorrect
Section 3 - Systems and Controls
3.1 - Does the business have a formally documented system for VAT accounting and reporting
3.2 - Are the procedures updated to take account of changes in legislation
3.3 - Is the VAT accounting system computerised
3.4 - Are coding for VAT regularly reviewed
3.5 - Are your computerised accounts backed up regularly
3.6 - Does your accounting system identify VAT which is non deductible
Section 4 - Outputs and Inputs
4.1 - Do you account for VAT on all your supplies
4.2 - If no, do you supply goods to businesses outside located outside of Ireland
4.3 - Do you supply services to businesses outside of Ireland
4.4a - Are any goods/services supplied to consumers located outside of Ireland
4.4b - Are any supplies exempt from VAT
4.5 - If so, do you complete a method to determine the recovery of VAT on operating costs
4.6 - If so, has the method been reviewed in the last two years
4.7 - Does the business operate any discount schemes
4.8 - Has the business made any acquisitions or disposals of all or part of a business
4.9 - Has the business developed new products in the last four years where the VAT treatment was unclear
4.10 - Have any transaction routes for products changed in the last four years
4.11 - Has the businesses operating structure changed in the last four years
4.12 - Does the business purchase goods/services from non Irish businesses
4.13 - Does the business only recover VAT where a VAT invoice is held
4.14 - Does the business occur VAT in other EC or non EC countries
4.15 - Does the business have guidelines in place to determine whether VAT is recoverable on a supply
4.16 - Is VAT disallowed on goods/services purchased for non-business use
Section 5 - Property
5.1 - Does the business own any residential or commercial property for investment purposes
5.2 - If so, are properties let to third parties under lease
5.3 - If so, is a waiver of exemption in existence
5.4 - Is VAT charged on the rents received
5.5 - Any properties been disposed of in the last four years
5.6 - Any properties been acquired in the last twenty years
5.7 - Was VAT accounted for on the disposal/acquisition
5.8 - Any refurbishment/repair works etc. undertaken
5.9 - Is the business aware of the new rules covering VAT on property effective from June 2008
5.10 - Does the business have any property in other countries
