Hi ,
I am currently in the process of setting up an e commerce store to sell a Christmas product. My sales revenue if going well ( a big if ) will prob be under 25k. The VAT threshold is €75000 for persons supplying goods . If I don't register for VAT on the basis that I wont exceed that threshold does that mean that I have wont have to apply VAT as part of the product price and no vat payment is due to revenue on the sales proceeds.
Any advice would be appreciated
I am currently in the process of setting up an e commerce store to sell a Christmas product. My sales revenue if going well ( a big if ) will prob be under 25k. The VAT threshold is €75000 for persons supplying goods . If I don't register for VAT on the basis that I wont exceed that threshold does that mean that I have wont have to apply VAT as part of the product price and no vat payment is due to revenue on the sales proceeds.
Any advice would be appreciated