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VAT

  • 23-01-2016 2:10pm
    #1
    kaholeung62
    Registered Users, Registered Users 2 Posts: 59 ✭✭


    I have a question about VAT.
    If a sole trader bought something and sale it through an agent in the UK (Amazon).
    What is the implication on the Vat. Does the seller have to declare 23% vat on what he sold to the revenue?


Comments

  • #2
    Paddy001
    Registered Users, Registered Users 2 Posts: 724 ✭✭✭Paddy001


    Yes, it's liable to VAT at the applicable Irish rate assuming the trader is VAT registered. They will also need to be aware of distance selling limits which vary by country, when you breach these or are aware you are going to breach them you are obliged to register for VAT in that country and apply their rates. You can also register voluntarily if you're below the threshold and if it is more beneficial but obviously it will involve higher admin costs/time.


  • #3
    kaholeung62
    Registered Users, Registered Users 2 Posts: 59 ✭✭kaholeung62


    Paddy001 wrote: »
    Yes, it's liable to VAT at the applicable Irish rate assuming the trader is VAT registered. They will also need to be aware of distance selling limits which vary by country, when you breach these or are aware you are going to breach them you are obliged to register for VAT in that country and apply their rates. You can also register voluntarily if you're below the threshold and if it is more beneficial but obviously it will involve higher admin costs/time.

    Its very helpful. Thank you


  • #4
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,627 ✭✭✭✭Marcusm


    Paddy001 wrote: »
    Yes, it's liable to VAT at the applicable Irish rate assuming the trader is VAT registered. They will also need to be aware of distance selling limits which vary by country, when you breach these or are aware you are going to breach them you are obliged to register for VAT in that country and apply their rates. You can also register voluntarily if you're below the threshold and if it is more beneficial but obviously it will involve higher admin costs/time.

    It's actually more complicated than that depending on the nature of the goods and the type of arrangement with the agent.


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