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Quick Vat Query

thecleverone · 2008-03-12 19:33:43

Could you help me out with something, I sell children's clothing online so I have no VAT but I am VAT registered. Does this mean I can claim back all my VAT purchases? What if I don't make over the €75,000 will I have to repay the VAT refund I claim? I hope this makes sense?????

12-03-2008 7:33pm

#1

thecleverone

Closed Accounts Posts: 337 ✭✭

Join Date: August 2007

Posts: 304

Could you help me out with something, I sell children's clothing online so I have no VAT but I am VAT registered.
Does this mean I can claim back all my VAT purchases?
What if I don't make over the €75,000 will I have to repay the VAT refund I claim?
I hope this makes sense?????

0

Comments

#2 12-03-2008 10:24pm

MartMax

Registered Users, Registered Users 2 Posts: 1,667 ✭✭✭

Join Date: November 2003

Posts: 1528

generally speaking, if you are VAT registered then you can claim the VAT on business related expenses. you are not charging VAT to your customers because your products are zero VAT. i can't confirm though VAT rate on your products - so please check with Revenue or your accountant. the threshold is only a criteria whether to opt or not for VAT registration.

Marty

0