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Does the Amount of Stock Purchased from abroad mean VAT Registration?

zoe · 2006-03-07 12:56:54

If someone is a sole trader and their business entails selling goods (not services) and purchases their stock from outside Ireland, i.e. either from the UK or from other countries *outside* the EU, would this have any bearing on whether they must become VAT registered? Of course, assuming that the persons annual sales are…

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07-03-2006 1:56pm

#1

zoe

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Join Date: February 2006

Posts: 132

If someone is a sole trader and their business entails selling goods (not services) and purchases their stock from outside Ireland, i.e. either from the UK or from other countries *outside* the EU, would this have any bearing on whether they must become VAT registered?

Of course, assuming that the persons annual sales are under the VAT threshold of €51,000, and I believe soon to be rising to €55,000.

Thanks

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#2 07-03-2006 2:37pm
kluivert

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Vat Registration is as it says - if your net sales are over 51k then you will have to register for vat regardless where the goods are being delivered to.

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