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self employed and vat

avp · 2022-02-01 20:32:46

Hi Just registered as self employed. However didn't register for vat just yet unsure if income will ever be above 37k Question. On business purchase should I deduct vat and pay back to revenue or use entire amount as expenditure? Thank you so much

01-02-2022 8:32pm

#1

avp

Registered Users, Registered Users 2 Posts: 4 ✭

Join Date: January 2022

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Hi

Just registered as self employed. However didn't register for vat just yet unsure if income will ever be above 37k
Question. On business purchase should I deduct vat and pay back to revenue or use entire amount as expenditure?
Thank you so much

0

Comments

#2 01-02-2022 8:34pm

[Deleted User]
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https://www.boards.ie/discussion/2058230859/self-employed-and-vat

Use the entire amount as expenditure. Unless you are VAT registered there is no need for you to do anything with the VAT on your expenses.

1