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Registering for VAT

decoratinghouse · 2011-07-29 15:02:40

If I start a business (service) and I don't think I'll go over the threshold for registering for VAT €37,500 in the first year, can I invoice without VAT and wait and see how it goes? Later in the year, if I find I'm going over €37,500, what do I do? Register for VAT, ignore earlier invoices and charge VAT from then on?

29-07-2011 3:02pm

#1

decoratinghouse

Registered Users, Registered Users 2 Posts: 48 ✭

Join Date: March 2008

Posts: 20

If I start a business (service) and I don't think I'll go over the threshold for registering for VAT €37,500 in the first year, can I invoice without VAT and wait and see how it goes?

Later in the year, if I find I'm going over €37,500, what do I do? Register for VAT, ignore earlier invoices and charge VAT from then on?

0

Comments

#2 29-07-2011 3:08pm

dbran

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Join Date: October 2004

Posts: 2041

Hi

Yes to both questions.

dbran

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#3 29-07-2011 3:11pm

srsly78

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Join Date: October 2010

Posts: 7095

And the flip side is: if you aren't registered for VAT then you will have to pay VAT on business purchases.

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