Epos and the Law

Cash Registers/Point of Sale Systems and Irish Law

Revenue has issued an information leaflet which highlights the changes to VAT Regulation 8, which came into effect on 2 July 2008. The leaflet has been issued to all VAT registered customers who deal in cash and to cash register suppliers, including software suppliers.

The most significant change affecting cash register records is that each record must now contain the date, time and sequential number.

Cash register transaction records, whether electronic or in paper format (audit rolls or printed journal), are required to be kept for a period of 6 years

A revenue auditor will expect to see these requirements in place. Don’t get caught out.

All of our cash registers have the capability to store these records electronically either internally or using removable media. The alternative is to store audit rolls for a 6 year period or to periodically print the journal.