html5-img
1 / 15

Register For VAT

VAT- the dreaded 3 letters that a business owner or contractor hates to hear, for several reasons, due to hassle to account for, file with Revenue & fines for not filing. https://peakaccountingsolutions.ie/2020/07/05/register-for-vat

jeena_sara
Télécharger la présentation

Register For VAT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Register for VAT

  2. VAT- the dreaded 3 letters that a business owner or contractor hates to hear, for several reasons, due to hassle to account for, file with Revenue & fines for not filing. However we are at hand to help! We are here to make VAT seem like a walk in the park with our break down of how it works in Ireland and who needs to apply for it! I can hear you say phewwww already.

  3. VAT looks like this… Value added tax (VAT) is when a part of the supply chain has tax added to it. The boring part, Value-added taxation is based on taxpayers’ consumption rather than their income. In contrast to a progressive income tax, which levies greater taxes on higher-level earners, VAT applies equally to every purchase.

  4. How is Your Turnover Determined? Your turnover figure may exceed the threshold limit, however, you may not be required to register for VAT. For registration purposes, the turnover figure may be reduced by the amount of VAT paid on stock bought for re-sale. You should use this reduced turnover figure to see if you can register for VAT. This adjusted turnover figure is used only to determine your turnover for registration for VAT.

  5. How Do You Register For VAT? If you require VAT registration, you can do this through Revenue’s eRegistration facility. Once you register for VAT, you must submit tax returns and payments electronically. See the Mandatory filing section for more information on paying and filing your tax online.

  6. For more update , visit us https://peakaccountingsolutions.ie/2020/07/05/register-for-vat

More Related