Contact Us

A: The VAT threshold will depend on whether you are supplying goods or services. For services the threshold is €37,500, for goods it is €75,000.

It’s important to note that you are obliged to register for VAT where the turnover thresholds are exceeded or are likely to be exceeded in any twelve-month period. This means if you feel sales in the next 12 months will exceed the threshold then you should register from that point on.

For persons supplying both goods and services where 90% or more of the sales is from the supply of goods then the threshold for Goods will apply.

When registering you should always opt for the cash receipts basis of VAT, if appropriate. This will assist your cashflow by allowing you to return VAT on debtor receipts and take a deduction for  both VAT on creditor payments and crucially unpaid invoices.

We can help you register for VAT and with your ongoing bookkeeping so get in contact with us today and we will direct you to your nearest office.

Date published 20 May 2015

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

1800 98 76 09

Or contact us