Irish Minister of Finance, Vincent Van Peteghem, has announced an extension for the submission of VAT returns due to recent hacker attacks on federal services. In light of these exceptional circumstances, businesses will now have until October 23, 2023, to file their VAT returns for various periods.
The extension applies to several types of returns, including the monthly return for September 2023, the quarterly return for the 3rd quarter of 2023, the monthly intra-community declaration for September 2023, and the quarterly intra-community declaration for the 3rd quarter of 2023.
The decision to grant this extension comes in response to the disruption caused by hacker attacks on federal services. These attacks have impacted the ability of businesses to access and submit their VAT returns in a timely manner. By extending the deadline, the Minister of Finance aims to provide affected businesses with the necessary time to fulfill their obligations without facing penalties.
The Minister of Finance, Vincent Van Peteghem, expressed his understanding of the challenges faced by businesses in the wake of these cyber attacks. He emphasized the importance of supporting businesses during this difficult time and ensuring they are not unduly burdened by circumstances beyond their control.
This extension will allow businesses to focus on recovering from the impact of the hacker attacks and restore their operations to normalcy. It provides them with the flexibility to allocate resources towards strengthening their cybersecurity measures and protecting their systems from future threats.
It is worth noting that VAT returns play a crucial role in the functioning of the Irish economy. They enable the government to collect taxes on the sale of goods and services and contribute to the overall revenue stream. Timely and accurate submission of VAT returns is essential for maintaining the financial stability of the country.
Affected businesses are advised to take advantage of this extension and ensure they meet the revised deadline for submitting their VAT returns. Failure to comply with the extended deadline may result in penalties and additional financial burdens.
The extension until October 23, 2023, provides a reasonable timeframe for businesses to gather the necessary information, complete their VAT returns, and submit them to the relevant authorities. It is crucial for businesses to prioritize this task and allocate the necessary resources to meet the revised deadline.
In conclusion, the Minister of Finance, Vincent Van Peteghem, has recognized the challenges faced by businesses due to recent hacker attacks on federal services. By granting an extension for the submission of VAT returns, the Minister aims to support affected businesses and ensure they have adequate time to fulfill their obligations. It is now crucial for businesses to take advantage of this extension and meet the revised deadline to avoid penalties and maintain the stability of the Irish economy.
