VAT REGISTRATION

Domestic VAT Registration

€99+vat

EU/VIES
VAT Registration

€150+vat

Additional VAT Application

€99+vat

ALL YOU NEED TO KNOW ABOUT VAT REGISTRATION​

Is VAT Registration mandatory?

Value-Added Tax (VAT) Registration is not obligatory for all companies. Traders whose turnover is below the VAT thresholds are not generally obliged to register for VAT. They may, however, elect to register for VAT.

Who should register for VAT?

Value-Added Tax (VAT) registration is obligatory when your turnover (sales) exceeds or is likely to exceed the VAT thresholds. The thresholds depend on  your turnover in any continuous 12 month period.

The principal thresholds are as follows:

  • €37,500 in the case of persons supplying services only.
  • €75,000 for persons supplying goods.

If the turnover is less than a threshold limit, you may elect to register for VAT.  

Why to elect to register for VAT?

Traders whose turnover is below the VAT thresholds, are not generally obliged to register for VAT. They may, however, elect to register for VAT to reclaim VAT on purchases made before trading begins, for example cost of expensive machinery or equipment, professional services like legal and accountancy, advertising, etc.

If you have set up a company but have yet to supply taxable goods or services, you may reclaim VAT on your start-up costs. However, to do so you are required to register for VAT. This will enable you to obtain credit for VAT on purchases made before trading begins.

In many cases, companies elect to register for VAT to ensure the business looks professional and legitimate. Also, if your customers and/or suppliers are based in the EU, they are likely to request your VAT number when dealing with your company.

How to register for VAT?

Most Revenue customers are eligible for eRegistration in Revenue Online System (ROS). The eRegistration facility allows you to manage your registrations online. Through eRegistration you can cancel your active registration for taxes and re-register for these taxes. To use eRegistration you must be registered for Revenue Online Service (ROS).

Companies who have a business established in the State should complete the VAT registration using eRegistration. If you submit a paper application when you should have submitted an online application, it will not be processed. The paper copy will be returned to you with an instruction to complete the registration process through ROS.

Following the registration, you will be given a Tax Reference Number (TRN) to use when trading and filing your tax returns.
 

When is the VAT number issued?

The Revenue Commissioners process VAT registration applications within 6 weeks from the receipt of an on line request. However, Revenue may have a query regarding your application and this can cause a delay in issuing a VAT number for your company. Following the registration, you will be given a VAT number to use when trading and filing your VAT returns.

VAT registration is effective from a date agreed by Revenue and you, after your completed application has been received by Revenue.

If you elect to register, the effective date will not be earlier than the beginning of the taxable period during which you make the application.

 

What's needed to start the Registration process:

Company Tax number*

*or CRO registration number if no Tax number available

Agent Link Notification Form*

*if using tax agent's services

Copy of ID and proof of address*

*for Company's directors and shareholders

Start the VAT registration in 2 simple steps:

STEP 1: Order your VAT registration:

STEP 2: Prepay your VAT registration:

Domestic VAT Registration

€99+vat

VAT/EU Registration

€150+vat

Additional Application

€99+vat

GET A FREE VAT REGISTRATION

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COMPANY ACCOUNTS

Proxima

Company Registered in Ireland
CRO No: 613314
Unit 3G North Point House
North Point Business Park
Mallow Road, Cork
Ireland

info@proxima.ie

021 237 30 87

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