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VAt To the UK

  • 08-02-2012 12:41pm
    #1
    bluejem
    Registered Users, Registered Users 2 Posts: 1 ✭


    HI I wonder can anyone help me ?

    We have set up a new business and will be buying good from the UK for resale in Ireland, How do we pay the VAT on theses goods and claim the VAT back ????

    Thanks in advance for your help !


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    You give your VAT number to your UK supplier(s) and they send you the goods without charging VAT. You then charge VAT in the normal way and pay Revenue. It gets really messy if you go to the UK and bring the goods home yourself after paying VAT.


  • #3
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    You must also charge yourself Irish VAT on the goods imported, and claim a credit for that VAT in the same return.

    It costs you nothing, but if you don't do it, and Revenue find out, they will charge you penalties based on the VAT you haven't charged yourself. Having to pay a penalty on a self-cancelling transaction would be a really silly mistake to make.


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