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?
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?