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Vat question

  • 11-03-2017 7:32am
    #1
    judgefoozle
    Registered Users, Registered Users 2 Posts: 173 ✭✭


    Have a question relating to vat registration.

    Say for example, you earn 25k per annum as a self employed person offering a service. No other income.

    If you register for vat, do you need to charge vat on all invoices once registered - or only when in the year you foresee yourself going over the threshold?

    Happy to clarify if needed

    Thanks


Comments

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


    judgefoozle wrote: »
    Have a question relating to vat registration.

    Say for example, you earn 25k per annum as a self employed person offering a service. No other income.

    If you register for vat, do you need to charge vat on all invoices once registered - or only when in the year you foresee yourself going over the threshold?

    Happy to clarify if needed

    Thanks

    Once registered you charge vat. If not registered you don't.


  • #3
    judgefoozle
    Registered Users, Registered Users 2 Posts: 173 ✭✭judgefoozle


    CIARAN_BOYLE wrote: »
    Once registered you charge vat. If not registered you don't.

    Thanks!


  • #4
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭Heisenburg81


    judgefoozle wrote: »
    Have a question relating to vat registration.

    Say for example, you earn 25k per annum as a self employed person offering a service. No other income.

    If you register for vat, do you need to charge vat on all invoices once registered - or only when in the year you foresee yourself going over the threshold?

    Happy to clarify if needed

    Thanks

    If you forsee yourself going over the threshold you should register in advance of breaching the threshold. If selling business to customer, as opposed to business to business you are going to be seen to be increasing your price, and customers have no Vat deductibility when the Vat kicks in. Better to do this earlier so can asess the impact on your demand/pricing.


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