hi,
I hope you can help me with my question related to the VAT registration.
I'm a sole trader, offering IT services mostly to companies based in other EU countries but also to one or two Irish businesses. Additionally, I order some services from companies established in other EU countries, all these services fall into a Fourth Schedule Services category/intra Community trade.
Do I need to register for VAT assuming my turnover will not exceed €37,500?
What if I wouldn't be ordering any services from other companies and my turnover would not exceed €37,500 threshold?
And finally, what happens if my turnover over the last 12 months exceeds €37,500 but just for a very short time period, what should I do in this case - can I register for VAT and then cancel VAT registration shortly after? I don't have many expenses and because of that prefer not to be registered for VAT.
I would appreciate any feedback on this!
Thanks,
Peter
I hope you can help me with my question related to the VAT registration.
I'm a sole trader, offering IT services mostly to companies based in other EU countries but also to one or two Irish businesses. Additionally, I order some services from companies established in other EU countries, all these services fall into a Fourth Schedule Services category/intra Community trade.
Do I need to register for VAT assuming my turnover will not exceed €37,500?
What if I wouldn't be ordering any services from other companies and my turnover would not exceed €37,500 threshold?
And finally, what happens if my turnover over the last 12 months exceeds €37,500 but just for a very short time period, what should I do in this case - can I register for VAT and then cancel VAT registration shortly after? I don't have many expenses and because of that prefer not to be registered for VAT.
I would appreciate any feedback on this!
Thanks,
Peter