Leo Varadkar (Dublin West, Fine Gael)
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Question 212: To ask the Minister for Finance if his attention has been drawn to the potential cash flow implications for sub-contractors on account of the movement of many sub-contractors to a four month VAT reporting cycle coupled with the new VAT regimes for sub-contractors; if sub-contractors can be moved back to bi-monthly reporting cycles; if so, if he is satisfied that this is well known within the industry; and if he will make a statement on the matter. [37000/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Revenue Commissioners that currently, some 66,000 smaller traders benefit from four or six monthly filing arrangements for their VAT returns as distinct from the normal bi-monthly returns. These arrangements are an important contribution to reducing the compliance burden on smaller businesses and to making it as easy as possible for taxpayers to do business with the Revenue Commissioners.

The extension of these simplified filing arrangements at an individual trader level is the subject of advance notification by the Revenue Commissioners and a trader may opt to continue with bi-monthly filing if that is the preferred arrangement. Where a trader is already filing less frequently than every two months and wishes to revert to bi-monthly filing, then contact should be made with the Revenue Commissioners. I am advised by the Revenue Commissioners that such a request can be facilitated from the start of the trader's next VAT period.