This sadly isn't how it works. If your turnover from the sale of goods for any current 12-month period exceeds or is likely to exceed €75,000, then you are obliged to register and account for VAT on the entirety, including backdating to the start of the applicable 12-month period. This is a classic catch-22 (you might well be better off turning away sales) which Revenue love enforcing.50% of sales is business to customer so thats why we haven't applied.
Currently we are around €62,000 with 3 months left. So If I register next month say around €70,000 then the €70,000 is fine. I don't have to apply Vat to it? Is this correct? From then on I charge vat and can recoup vat?
Apologies, for not being great with this.
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