Company VAT Registration

Company VAT Registration

€85

* Registration for ROS
* Preparation of supporting documentation for VAT application
* Monitoring ROS to avoid delays
* Resolving Revenue queries
* Forwarding VAT number to a client

Company Tax & VAT Registration

€125

* Registration for ROS
* Registration as Revenue Customer
* Registration for Corporation Tax
* Registration as Employer 
* Registration for VAT

What's required for VAT Registration

Business Plan
Summary

Short description of your business including: type of goods/services provided, clients, suppliers and distribution channels.

Lease agreement for Business premises

Revenue require a copy of the lease agreement for your business premises or your home if you are trading from home.

Contract with your prospective client

Contract with a prospective client, commercial agreement, letter of intent from a client willing to purchase goods/services from your company.

Sales/Purchase
invoices

Proof of trading: sample of sales invoices or high value purchase invoices for start-up expenditure incurred by your company.

ALL YOU NEED TO KNOW ABOUT VAT REGISTRATION

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. 

Is VAT Registration obligatory?

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.
 

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?

Companies who have a business established in the State should complete the VAT registration using eRegistration in Revenue Online System (ROS). To use eRegistration you must be registered for Revenue Online Service (ROS). eRegistration facility allows you to manage your registrations online. 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 VAT Number to use when trading and filing your tax returns.
 

How long VAT registration takes?

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.

How to reclaim VAT on start-up costs?

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.

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 purchase made before trading begins, for example cost of expensive machinery or equipment, professional services like legal and accountancy, advertising, etc.

Order VAT Registration service here:

STEP 1:
Fill out the Order Form

STEP 2:
Pay for your Order

Company VAT Registration

€85

* Registration for ROS
* Preparation of supporting documentation for VAT application
* Monitoring ROS to avoid delays
* Resolving Revenue queries
* Forwarding VAT number to a client

STEP 3:
Pay for your Order

Company Tax
& VAT Registration

€125

Included is:
* Registration for ROS
* Registration as Revenue Customer
* Registration for Corporation Tax
* Registration as Employer
* Registration for VAT

Low-Cost Accountants for Small Companies

Check out all our services

Proxima Tax Services Ltd

Unit 3G North Point House
North Point Business Park
Mallow Road, Cork
Ireland

info@proxima.ie

021 237 30 87

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Company Registration No: 613314
Revenue Tax Agent No: 76472U
CRO Electronic Filing Agent No: 613314C

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