Hi all,
Id appreciate some advice or perhaps information here as I am definatly not an expert on the TAX, VAT or Revenue ect subject!!.. I set up as a sole trader back last summer, since setting up iv been hit badly by the recession ect. I set up in the car sales business but havent been able to get the business to take off. I applied for a TAN Number from revenue in July of 2008 and to date have recieved nothing or any explaination for the delay when I contact their office. Due to not been granted a TAN yet I have not been able to trade properly since setting up ( I planned on importing vehicles from the UK ect ). I found the business loosing money on anything we did purchase for resale ect. I feel that setting up was a mistake as iv lost so much money in setting up but basicly I want advice on how do I go about deregistering from the Tax system and from VAT, Iv been told that i will need to repay all the VAT i have claimed back because I have been claiming back more than iv contributed or somthing??!!., however most of my reclaims were for items such as Diesel ect?.. Also will I be liable to any TAX payments seeing since iv made a massive loss ect. Hope you can help me out with some advice or information and thanks...
Id appreciate some advice or perhaps information here as I am definatly not an expert on the TAX, VAT or Revenue ect subject!!.. I set up as a sole trader back last summer, since setting up iv been hit badly by the recession ect. I set up in the car sales business but havent been able to get the business to take off. I applied for a TAN Number from revenue in July of 2008 and to date have recieved nothing or any explaination for the delay when I contact their office. Due to not been granted a TAN yet I have not been able to trade properly since setting up ( I planned on importing vehicles from the UK ect ). I found the business loosing money on anything we did purchase for resale ect. I feel that setting up was a mistake as iv lost so much money in setting up but basicly I want advice on how do I go about deregistering from the Tax system and from VAT, Iv been told that i will need to repay all the VAT i have claimed back because I have been claiming back more than iv contributed or somthing??!!., however most of my reclaims were for items such as Diesel ect?.. Also will I be liable to any TAX payments seeing since iv made a massive loss ect. Hope you can help me out with some advice or information and thanks...
