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Charging VAT

  • 09-10-2011 7:54pm
    #1
    Eric Cartman
    Registered Users, Registered Users 2 Posts: 26,280 ✭✭✭✭


    I have some goods I got for free that I wish to resell , Do I charge VAT on them ? , can I sell them without VAT to make the price more attractive to customers, I know I couldnt do that if i claimed the vat back when purchasing them, but considering I didnt ?


Comments

  • #2
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Eric Cartman wrote: »
    I have some goods I got for free that I wish to resell , Do I charge VAT on them ? , can I sell them without VAT to make the price more attractive to customers, I know I couldnt do that if i claimed the vat back when purchasing them, but considering I didnt ?

    Depends on a number of things:
    • What the goods are,
    • Are you VAT registered in your own name already?
    • The value of the goods you intend to sell?

    Do you mind me asking how you acquired these goods for free? Is there a CAT issue to consider?


  • #3
    Eric Cartman
    Registered Users, Registered Users 2 Posts: 26,280 ✭✭✭✭Eric Cartman


    Shane732 wrote: »
    Depends on a number of things:
    • What the goods are,
    • Are you VAT registered in your own name already?
    • The value of the goods you intend to sell?

    Do you mind me asking how you acquired these goods for free? Is there a CAT issue to consider?

    they were given to me by a company who wanted them disposed of , theyre computer monitors , not of huge value , but they still work and just needed a bit of a clean , theyre value would be maybe 50-60 euro at best. I am VAT reg'd


  • #4
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Eric Cartman wrote: »
    they were given to me by a company who wanted them disposed of , theyre computer monitors , not of huge value , but they still work and just needed a bit of a clean , theyre value would be maybe 50-60 euro at best. I am VAT reg'd

    Are we talking €50 - €60 in total? If so I wouldn't be worried!

    The question is whether the sale of the goods is a taxable supply for VAT purposes -

    The VATCA 2010 provides that VAT is chargeable, leviable, and payable on the following transactions:
    • The supply for consideration of goods by a taxable person acting in that capacity when the place of supply is the State.

    If the supply is for the furtherance of business (which I assume it is) then you should charge VAT at the appropriate rate.


  • #5
    Eric Cartman
    Registered Users, Registered Users 2 Posts: 26,280 ✭✭✭✭Eric Cartman


    Shane732 wrote: »
    Are we talking €50 - €60 in total? If so I wouldn't be worried!

    The question is whether the sale of the goods is a taxable supply for VAT purposes -

    The VATCA 2010 provides that VAT is chargeable, leviable, and payable on the following transactions:
    • The supply for consideration of goods by a taxable person acting in that capacity when the place of supply is the State.

    If the supply is for the furtherance of business (which I assume it is) then you should charge VAT at the appropriate rate.

    nah its 50-60 each , grand so, just means ill make a bit less money but ahh well


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