MichelleSinead
Registered User
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- 11
Not sure if this is where I should post so apologies if incorrect.
I am preparing the Return of Traders Details form for Revenue and I have two types of transactions which I am not sure where they go.
1 - sole trader in Ireland supplying me with a service, they are not vat registered as they are under the threshold (or so they say). I am guessing goes under Tax Code T2 which states "Exempt sales and purchase of goods for resale". In this case the service is being resold as the sole trader does the work, I get their invoice and I pass it onto the customer through my sole trader "business". I checked with Revenue to see if it goes here or under T0 which is "Zero rated sales and purchase of goods for resale."
I would assume exempt from is more appropriate than zero rated but Revenue couldn't answer and asked me to submit an enquiry by email / post and they'd get back to me.
2 - Company insurance. No vat paid, is this exempt or is it zero rated? I would assume zero rated but again they couldn't answer me. I spoke to 3 different people in the RTD department and none of them could give me an answer.
Anyone here that can point me in the right direction?
I am preparing the Return of Traders Details form for Revenue and I have two types of transactions which I am not sure where they go.
1 - sole trader in Ireland supplying me with a service, they are not vat registered as they are under the threshold (or so they say). I am guessing goes under Tax Code T2 which states "Exempt sales and purchase of goods for resale". In this case the service is being resold as the sole trader does the work, I get their invoice and I pass it onto the customer through my sole trader "business". I checked with Revenue to see if it goes here or under T0 which is "Zero rated sales and purchase of goods for resale."
I would assume exempt from is more appropriate than zero rated but Revenue couldn't answer and asked me to submit an enquiry by email / post and they'd get back to me.
2 - Company insurance. No vat paid, is this exempt or is it zero rated? I would assume zero rated but again they couldn't answer me. I spoke to 3 different people in the RTD department and none of them could give me an answer.
Anyone here that can point me in the right direction?