thefisherman
Registered User
- Messages
- 54
hi i recently purchased an item from polish distributor of a swedish company for my own personal use
From my experience ,no you do not owe vat.Just get an invoice showing amount paid etc and record it in vat book under, purchases, zero vat rated.
so i should pay irish revenue?? i have the feeling i should pay vat but to whom? i rang limerick office and a lady told me i did not owe vat,rang cork office and they tell me i do-it seems it depends on which office i ring. there is some one in revenue to ring me back later today after checking it out so it is not as simple as it seems . graham- i am self-employed blocklayer with vat no.so pump has nothing to do with my line of work-it is for heating my new house
I don't think this is so complicated.
You as a business, using your businesss VAT number bought the pump from Sweden and the transaction was correctly zero rated.
If you will use this pump personally your business must invoice YOU in your personal capacity and charge vat @ 21%. Your business then hands over the vat on the next vat return.
If the vat rate in Sweden (or Poland) is less than 21% you might have been better not to purchase the pump through your business but to buy it directly and personally inclusive of the foreign vat.If you did this there would be no further liability to irish vat.
I hope this helps
I like your way of thinking. Lovely solution. However its still evasion if the Swedish VAT rate is higher than 21%.I don't think this is so complicated.
You as a business, using your businesss VAT number bought the pump from Sweden and the transaction was correctly zero rated.
If you will use this pump personally your business must invoice YOU in your personal capacity and charge vat @ 21%. Your business then hands over the vat on the next vat return.
If the vat rate in Sweden (or Poland) is less than 21% you might have been better not to purchase the pump through your business but to buy it directly and personally inclusive of the foreign vat.If you did this there would be no further liability to irish vat.
I hope this helps
You as a business, using your businesss VAT number bought the pump from Sweden and the transaction was correctly zero rated.
If you will use this pump personally your business must invoice YOU in your personal capacity and charge vat @ 21%. Your business then hands over the vat on the next vat return.
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