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VAT Registration / Importing from outside EU

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  • 16-04-2003 11:41pm
    #1
    claire2003
    Closed Accounts Posts: 35 ✭


    I was recently talking to an accountant about starting a business, and they told me that if I was importing business stock from non-EU countries then I would have to become VAT registered even if my turnover was below the VAT threshold limit for selling goods (I think it's currently Eu 38,000).

    They seemed to think that the fact that goods came from outside the EU, I would have to become VAT registered.

    Though surely this is not true.

    If I imported business stock from a non-EU country (and my business was not VAT registered due to turnover being below threshold limit), then presumably Revenue would simply post out a bill to me for the amount of VAT required.

    Am I missing something here; - or is this accountant simply wrong?

    Thanks for any advice.


Comments

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    #2
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Hi Claire - You might get a response to this query if you repost on Askaboutmoney.com


  • Options
    #3
    claire2003
    Closed Accounts Posts: 35 ✭claire2003


    thanks RainyDay.

    I contacted Revenue, so I was able to get an answer there.

    Thanks anyhow!


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    #4
    Victor
    Registered Users Posts: 78,421 ✭✭✭✭Victor


    What was their response? I presume it was that if there was a material amount of stock / purchases you would have to register, otherwise customs would look after it on a transactaion by transaction basis?


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