What is the taxable amount of supply goods and services?
VAT is charged on the total consideration which the supplier becomes entitled to receive in respect of the goods or services supplied,includes all commissions, costs charges and taxes (apart from VAT) in respect of the supply.
Cash receipt basis
You may compute your VAT liability on the basis of cash receipts if:
(a) your turnover is derived as to 90% or more from supplies to persons not registered for VAT, or
(b) your turnover is less than €2,000,000 in a continuous 12 month period.
In regard, cash receipts includes:
(a) Money lodged or credited to your bank account.
(b) Money that has ceased to be due to you, for example, a debt that has been forgiven.
(c) Money that would have been received had it not been attached by Revenue under an attachment order.
(d) Money that would have been received had it not been deducted by Revenue in the form of professional services withholding tax (PSWT) or relevant contracts tax (RCT).