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Registered Charity - Vat Question

  • 12-07-2017 03:32PM
    #1
    Shurwhynot
    Registered Users, Registered Users 2 Posts: 561 ✭✭✭


    The rules regarding registered charities charging & claiming vat seem to be a bit vague so just wondering if anyone has any experience of it

    Would a registered charity, which runs a bric-a-brac shop selling bits and pieces, turnover could be approx €50k per annum, have to register for Vat? Is there any mechanism whereby they would be able to claim back the Vat on things like the rent they pay on the premises etc?


Comments

  • #2
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭L.Jenkins


    http://parfreymurphy.ie/vat-registration/

    From the above:
    Exempt Activities

    Certain business activities are exempt from VAT and are not permitted to charge VAT on their sales. Although they may be required to register for VAT if they are in receipt of fourth schedule services as outlined above.     Examples of exempt activities are certain financial services, education, medical services, charities and taxis.
    Who needs to register?

    The main reason for registering for VAT is that the business engages in the supply of taxable goods or services within Ireland.

    A business whose turnover, in any twelve month period, does not exceed or is not likely to exceed €37,500 (in the case of supply of services) or €75,000 (in the case of supply of goods) is not obliged to register for VAT.

    Hopefully this might help you.


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