Some VAT help = new in business

ASportingChance

Hi to all budding and active entrepreneurs - :rolleyes:

I am looking at changing my printing partner to a US company that already prints my product for the US market, so is therefore an expert. It is much more cost effective, however, I am not sure how that works from a tax perspective?
I pay the supplier on line via a credit card and don't pay any sales tax to them, but are the printing costs and shipping costs subject to VAT?

Thanks in advance for any advice anyone may have!

Ursula Frawley
A Sporting Chance Ltd
www.asportingchance.ie
Every Child is a Star

Mr Clonfadda

Hi Ursula

You will be charged VAT at POE (Point of Entry) into Ireland on the Value of the goods, Which can be claimed back from the Revenue, If you are Registered for VAT.

Regards

Nigel

RUDOLF289

Hello Ursula,

Yes, as Nigel Sage advised you will be charged VAT on the invoice value, the shipping cost and transport / marine insurance cost (Cost Insurance Freight i.e. CIF)

As most printed matter is zero rated from a duty point of view, you are unlikely to be charged Duty. If you can describe the product in more detail I will have a look at that for you.

The VAT needs to be paid to Customs at the time of importation (i.e. the point of entry). If you are a VAT registered trader, VAT paid on imports is a deductible input which you can claim back in your VAT return.

If you have an idea of the weight / cube of the items you intend to ship, l would be happy to give you a second opinion on your shipping costs.

Best regards,
RUDOLF289

ASportingChance

Thanks to you both!! You obviously both have been in business a while.
My cards are described on my site - www.asportingchance.ie
Would you be able to tell me your opinion RUDOLF289?

Thanks
Ursula