NewEdition
Registered User
- Messages
- 273
Why do you think this to be the case? Is it because you will charge them VAT or some other reason? How many of these clients will be outside of Ireland/EU so what scenarios will VAT arise?If I set myself up on this site as a LTD company, clients will be put off I think, so would like to join the site as an individual.
You and your company are two different legal entities. You are not VAT registered and therefore would not charge VAT. However, you may also need to become VAT registered if you are above a certain thresholdShould I charge VAT for companies that I may do this freelance work for in Ireland, as its me that has obtained and will be doing the work, not my company. It is my company that is VAT registered, not me.
Into your bank account rather than the company one - or using paypal etc. You will need to invoice for services etcAlso, what about payment for services? How should this be received?
Yes, but keep in mind that for self-employed income you must pay yearly in advance (after the first year) so you will have a hefty bill the first year (effectively all the money will go in tax including pre-payment for next year)Directly into my personal account with associated invoices and I declare it at the end of the year as additional income?
Yes, I think people will be put off by a company, some of the work will be small, say one days work and the clients may be more attracted to Joe Bloggs rather than XXX Ltd.. But I do see your point, its the quality of the service that I should push.
You and your company are two different legal entities. You are not VAT registered and therefore would not charge VAT. However, you may also need to become VAT registered if you are above a certain threshold
This won't work. You can't duck VAT by routing some work through a company and some outside it.
You'll have to ask that of whoever drafted the applicable legislation.OP is an employee & director of a company which is VAT registered. Why should this impact his VAT status as an individual?
Yes, that's it.Or is it that the Revenue will look unkindly on the proposal and say the company activities are effectively engaged in the same activity as the individuals one and therefore need to be consistent?
Depends on the nature of the business activities being carried on. Is acting subject to VAT? In general a company director carrying on as a sole trader an unrelated activity under the VAT threshold shouldn't be affected by the company's own activities for VAT purposes but caveat emptor in each case.What if the second income was totally different - lets say they worked in IT in the company but also done some acting/modelling jobs in parallel - where would the revenue stand on this?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?