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VAT registration query

  • 09-02-2010 11:33pm
    #1
    kes83
    Registered Users, Registered Users 2 Posts: 35 ✭


    Hi all

    Im looking to soon start a small service business. I'm currently in a full-time job and will see how it works out for a while before I considering quitting the job and going it alone.

    I'll be setting up as a sole trader keeping overheads to a minimum. Anything I can spare myself will be set into advertising in local and regional area. The money I earn from it for now will be put straight back into advertising and generally trying to build gradually.

    My query here is with registering for VAT. Some parts suppliers and other services I've come accross ask for VAT number to open an account. Can I be registered for VAT while still in full-time PAYE employement? Is there any link between the VAT registrated business and PAYE employment where they might conflict? Does the VAT registration only come into effect with anything business-related and I carry on in full-time employment as normal?

    Also, I know you dont need to register for VAT unless you're earning over 37.5k euro per annum. Is this only earnings from the business, or is this total earnings between part-time business and full-time employment? The general answer regarding previous queries will prob have an affect on this one.

    These questions have prob come up a million times before :o, but I hope not, for the sake of repitition.

    Any help on the matters above would be greatly appreciated.

    Many Thanks ;)


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