Ireland VAT Registration
Ireland Value Added Tax (VAT) registration require, if you businesses exceed certain turnover thresholds. The current VAT registration thresholds in Ireland are:
€37,500 for the supply of services
€75,000 for the supply of goods
Your business exceeds either of these thresholds, you must register for VAT within 30 days. You can register for VAT online using the Revenue Online Service (ROS) or by completing a paper application form.
Once you have VAT registered. You will assign a VAT registration number, which you must include on all invoices and other business documents.
It is important to note that once you are VAT registered. You will require to submit regular VAT returns to the Ireland Revenue of Tax and to pay any VAT owed. Failure to register for VAT or to comply with VAT requirements can result in penalties and interest charges.
What documents required for VAT registration in Ireland?
Ireland VAT registration process will need number of documents:
- VAT certificate in your home country,
- Certificate of incorporation or Excerpt of the trade Register with all details about the company´s incorporation in its home country,
- Articles of Association issued as part of the incorporation process in its home country,
- Proof of ID (passport)
- Proof of address
- Proof of taxable transactions,
- Power of Attorney
Non-resident VAT Registration in Ireland
Non-resident that are not established in Ireland but are carrying out taxable supplies of goods or services in Ireland are also required to register for VAT in Ireland if they exceed certain turnover thresholds. The same thresholds mentioned earlier apply to foreign entities as well.
If a foreign entity is not established in Ireland, they can register for VAT using the Non-Resident Trader (NRT) Scheme. To register under the NRT Scheme, the entity could be appointing a tax representative who is resident in Ireland. The tax representative is responsible for ensuring that the entity complies with all VAT obligations in Ireland.
Once registered, the foreign entity will be assigned a VAT registration number and will be required to submit regular VAT returns to the Revenue Commissioners and to pay any VAT owed.
VAT Return in Ireland
In Ireland, businesses registered for VAT are required to submit regular VAT returns to the Revenue Commissioners. VAT returns are used to report the amount of VAT charged and paid by the business during a particular period.
The frequency of VAT returns depends on the turnover of the business. Most businesses in Ireland submit VAT returns either monthly or two months or quarterly.
To submit a VAT return in Ireland, a business will need to provide information about their sales and purchases during the relevant period.
The VAT return will also include any adjustments or corrections to previous returns, as well as any VAT owed or refundable.
VAT returns in Ireland can be submitted online using the Revenue Online Service (ROS), or by post. Payment of any VAT owed must also be made at the same time as the VAT return is submitted.
New Regulation July 2021 EU distance selling
As of July 1, 2021, new regulations have come into effect in the European Union (EU) regarding distance selling and selling threshold of EUR 10. 000. The new rules aim to simplify the VAT obligations of businesses that sell goods to customers in other EU countries, particularly those selling online.
To help businesses comply with the new rules, the EU has introduced the One Stop Shop (OSS) scheme, which allows businesses to register for VAT in one EU country and to report and pay VAT for all their EU sales through a single quarterly return. This simplifies the VAT compliance obligations for businesses selling goods across the EU.
It’s important to note that these new rules apply to all businesses, whether established within or outside the EU, that sell goods to customers in the EU.
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