Self employed VAT question

T

Trine

Registered User
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I've only recently become self employed and VAT registered, and this month is the first month I'll be filling in a VAT form.

I purchased some startup equipment this month. I understand that I can reclaim the VAT for that equipment, but some of it was purchased by supplying a VAT number at checkout and simply paying the ex-VAT rate. Do I have to show this in the VAT form somehow?

Also, as a self emplyed person offering a service, does the €37,500 VAT threshold apply to me? Do I still pay my VAT every month and claim it back after 12 months if I have not reached the threshold? Or do I simply not pay each month if I don't believe I will make the €37,500 turnover?
 
You should have been sure that you would exceed the limit prior to registering for VAT.

Once you are registered you are obliged to charge VAT on your sales. You calculate your sales VAT for the bimonthly return and then deduct your purchase VAT from that figure.

I do not understand what you mean by getting the ex vat price at the checkout.
 
I don't mind if I don't exceed the threshold for VAT for the time being, being able to purchase my start-up equipment ex-VAT is the only way I was able to afford getting started doing what I want to do. LOL all you like :)

My main question is to do with the equipment I have purchased minus VAT. Yes, I purchased from an EU country, supplied a VAT number and bought at the ex-VAT price. Do I have to declare this somehow?
 
It's know as an intra eu acquisition. In principle you multiply the cost in euro by 21% and add that amount to both your sales and purchase VAT figures. You put to total of the purchase In the E2 box on the form.
 
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