Registering for VAT

[ATierney]

Hi,
I am a sole trader and run a private Speech and Language Therapy practice.

I am currently not registered for VAT as I was informed that I did not need to be for the current services I provide.

I am planning to branch out and to sell products as part of my business. I assume that I will need to register for VAT as part of this?

I am a bit unsure as to how this will work if I register for VAT with both sides of my business.

Any help or advice would be greatly appreciated.

Thanks,
Aoife

 

[peemac]

It will depend on your turnover.

You currently provide a service. At 37,500 you will have to account for vat.

I'd engage an accountant. They are not expensive and can be invaluable.

Here's the revenue guide

What are the VAT thresholds?

This page explains the VAT registration thresholds when you are obliged to register for VAT.

www.revenue.ie

 

[Ciru75]

It sounds like your speech and language therapy is probably exempt from VAT. https://www.revenue.ie/en/vat/vat-r...ch-therapy-medical-and-related-services-.aspx

If that's the case, you would need to register for VAT if your sales of products are above the goods threshold of €75k and you'd have to account for VAT on the products only.