Ltd Co providing services has just completed its first year of trading with a turnover of €65k. It hasn't registered for VAT but has just applied to Revenue for VAT registration.
Does the company have to backdate sales VAT since it is over the €37,500 limit? What about reclaiming purchases VAT? As far as I'm aware VAT registration can only be backdated to the start of the current VAT period.
Does the company have to backdate sales VAT since it is over the €37,500 limit? What about reclaiming purchases VAT? As far as I'm aware VAT registration can only be backdated to the start of the current VAT period.