Outmin and your VAT
Timely info means seamless VAT filings. Here's how VAT works with Outmin.
Important 🚨
The critical factor for your success with Outmin is timely access to your information. Once we have all of your bank transactions and documents, we can complete your VAT.
How VAT works with Outmin
Please ensure your Rex documents are resolved before the VAT filing deadline. This will allow us to file your VAT quickly and accurately.
During onboarding, you need to decide whether you would like us to always “file and pay” or seek your permission before filing and paying. The most efficient way to do your VAT is for us to "file and pay" on your behalf.
For handling VAT payments to Revenue, you have two options:
- Set up automatic payments via direct debit (DD)
- Pay manually
If agreed to during onboarding, we can make these payments on your behalf, and we will always ask for your permission over email to make a payment to Revenue when we file your VAT return.
If you do not want us to make payments on your behalf, you will need to make the payment yourself and on time, as this is is outside of our control. If your payment is late, Revenue will charge a penalty that you will be responsible for paying.
If you do not have a document in time for the filing deadline, don’t worry, we can still file your VAT.
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If you obtain the document at some point, let us know and we can include it in the next return.
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If you cannot obtain the document, we cannot include it in your VAT return. This means the transaction will not be eligible for a VAT claim.
Even with our best automation in place, the occasional error can slip through. If you spot something that doesn’t look right, just let us know—our team will review it for you and share any relevant details.
Want us to handle something differently? Reach out and we’ll explain how it’s currently managed, walk you through what a change would mean, and make sure you’re comfortable before moving forward.