- Revenue is transitioning VAT registered businesses from the Fixed Direct Debit Scheme to a Variable Direct Debit facility.
- Annual VAT filers on the Fixed Direct Debit Scheme will need to file returns bi-monthly.
- The Fixed Direct Debit Scheme will be phased out from mid-2025.
- Revenue is notifying businesses and their agents about the cessation of the Fixed Direct Debit Scheme.
- No immediate action is required from taxpayers or their agents.
- Taxpayers should continue with monthly Fixed Direct Debit payments.
- Revenue will provide further instructions as taxpayers approach their annual filing period end.
Source: charteredaccountants.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
