Business A is a start up with annual turnover projected to be below the €37,500 threshold and would prefer not to be VAT registered. However, it is likely to receive services from abroad.
According to the Revenue website, a business must register for VAT if receiving services from abroad. The threshold is zero.
Is the business obliged to charge VAT on all its sales because of this rule?
According to the Revenue website, a business must register for VAT if receiving services from abroad. The threshold is zero.
Is the business obliged to charge VAT on all its sales because of this rule?