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VAT Thresholds Ireland

  • 09-09-2023 7:32pm
    #1
    ShazzM
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi,


    I am an Irish registered Sole trader and I operate a small drop shipping business through my website.  I advertise products and sell to private customers in Ireland only . I am not VAT registered as am not at the threshold so I don't charge VAT

    When an Irish customer places an order on my website, I receive the payment for the order. Subsequently, I place the order with a company in Germany and arrange for the products to be shipped directly to my customer in Ireland. I pay VAT @ 23% on all purchases drop shipped and have paid VAT to date of €7,000


    I would like to know if my VAT Threshold is still 75k operating a business this way or does it fall under acquisitions from another EU member states with a lower threshold €41,000 ?

    I'm thinking it's still 75k as my customers are all private and I pay the VAT on each purchase.


    I can't find a simple answer for this anywhere and have had different answers from accountants.

    Many thanks to anyone who can shed some light on it.



Comments

  • #2
    Alan_007_
    Registered Users, Registered Users 2 Posts: 356 ✭✭Alan_007_


    You're not going to get reliable advice on something like this for free in an online forum.

    If you don't have one already, your best bet is to engage an accountant who deals with e-commerce companies to look after your accounts and tax returns for you. It might be an additional cost, but will give you peace of mind that things are being done correctly.



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