Hi all
I am in the process of setting up a business bank account.
To complicate matters, the business is not in Ireland, the business bank account is not in Ireland, and I am not resident in Ireland. I am an Irish citizen, however.
The business bank account will probably not be ready by the time I receive my first payment from a customer. Therefore I am considering temporarily using my personal Irish bank account.
Does this open me to some sort of tax liability in Ireland or would revenue understand this is just a temporary thing and should be taxed as normal through my foreign business?
Thanks for your advice.
I am in the process of setting up a business bank account.
To complicate matters, the business is not in Ireland, the business bank account is not in Ireland, and I am not resident in Ireland. I am an Irish citizen, however.
The business bank account will probably not be ready by the time I receive my first payment from a customer. Therefore I am considering temporarily using my personal Irish bank account.
Does this open me to some sort of tax liability in Ireland or would revenue understand this is just a temporary thing and should be taxed as normal through my foreign business?
Thanks for your advice.