JanuaryJones
Registered User
- Messages
- 20
I'm going to register as self employed and am a bit confused re filing accounts. Believe that for Revenue my first year of accounts go from now till end of 2012. I'm not going to make over 75k in sales by the end of the year but I may do next year. So where does that leave me re VAT - it's a business to consumer, not B2B.
Can anyone advise?
@januaryjones
To clarify the VAT - and its on a calender year basis
@DB74
s1 VAT Act refers to accounting year as being 31 December;
similar reference in 2B FA 2008 about accounting periods and tax periods.
Hard to say its 'incorrect' as opposed to a differnt interpretation - and Revenues interpretations are somewhat often unchallenged.
What it means is vigilance and if you are a B2B why would you not register anyway?
... Section 6(1)(c)(i) (regarding the supply of goods) and 6(1)(d) (regarding services) VAT Consolidation Act, 2010.
You are reading from a 'Guide' which is not the Act. Keep saying incorrect and I will start posting where the Revenue lose cases on interpretaion.
You are reading from a 'Guide' which is not the Act. Keep saying incorrect and I will start posting where the Revenue lose cases on interpretaion.
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