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Very small turn over, will I need to register for VAT?

  • 07-05-2014 7:46am
    #1
    godwin
    Registered Users, Registered Users 2 Posts: 393 ✭✭


    I operate a very small hobby "business", things went better than expected and I made an 'accidental' return last year of €900, am I expected to pay tax on this, or what is expected of a hobby business like mine?


Comments

  • #2
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    godwin wrote: »
    I operate a very small hobby "business", things went better than expected and I made an 'accidental' return last year of €900, am I expected to pay tax on this, or what is expected of a hobby business like mine?

    Income Tax yes, given the small amounts you can fill out a form 12. VAT no.


  • #3
    godwin
    Registered Users, Registered Users 2 Posts: 393 ✭✭godwin


    Thanks Ciaran

    Another question either you or someone could help me with, a company I will use for distribution servers in Germany is asking me for a VAT number, how do I go about getting one, or is it even necessary for me to get one, or is there an alternative I can give them?


  • #4
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭Citizenpain


    Tell them you are not vat registered

    If they need a tax number give them your PPS - but make it clear you are not registered for VAT

    Of yourse you can register but given your turnover i dont think the extra admin involved would be worth it


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