Who has to register for and pay VAT ?

Who has to register and pay VAT ?

If you are a business that supplies services or goods that attract VAT, you have to register and pay VAT when your turnover exceeds or is likely to exceed any of the applicable thresholds below in any 12 month period:

The principal thresholds are as follows:

1. €37,500 in the case of persons supplying services only.
2. €75,000 for persons supplying goods.
3. €75,000 for persons supplying both goods and services where 90% or more of the turnover is derived from supplies of goods.
4. €37,500 for persons supplying goods liable at the reduced or standard rates which they have manufactured or produced from zero rated materials.
5. €35,000 for persons making mail-order or distance sales into the State.
6. €41,000 for persons making acquisitions from other European Union Member States .
7. A non-established person supplying taxable goods or services in the State is obliged to register and account for VAT irrespective of the level of turnover.

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie