Good News for Small Business as Revenue announce Reduced Frequency of Filing Tax Returns and Payments. The Revenue has announced reductions in the filing and payment frequencies for VAT, PAYE/PRSI and RCT by Small Businesses from the 1st January, 2015, as follows: Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make payments on a 6 monthly basis; Businesses making total annual VAT payments of between €3,000 and €14,000 are