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Vat registration threshold for supplying goods and services?

  • 10-12-2012 10:45am
    #1
    geneval2008
    Registered Users, Registered Users 2 Posts: 35 ✭


    Hi all,
    Hope someone can answer these queries as I've had trouble figuring it out. I'm a sole trader in home decoration and most of my invoices would break down as goods 70% (curtains, wallpaper, lamps, mirrors etc) and services 30% (painting, upholstery, curtain making etc. All carried out by third parties). Am I required to register for VAT when my turnover reaches €75,000 or when it reaches €37,500? Also, what VAT rate would I then charge - I think the two thirds rule applies but do I need to get Revenue to confirm/approve this?
    Any answers appreciated.
    Thanks


Comments

  • #2
    DubTony
    Registered Users, Registered Users 2 Posts: 3,267 ✭✭✭DubTony


    Revenue VAT section can tell you this with one phone call. Don't be afraid of them. They're very approachable.


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    In your case the threshold would be €37500 per annum.

    The rate would depend on whether or not the 2/3rd rule applied and if so the amount of the VAT chargeable on the goods.

    Regards

    dbran


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