Just started business (ltd. Coompany), because of the prospective first year revenue no more € 70 K, is it good idea do not register for VAT, then if revenue is bigger next year, to be with VAT, and how it will reflect next tax year, please?
Thanks for any help
That is the reason of putting the question here, because the main suppliers are from outside of EU zone and I can not claim VAT purchases back, then small number suppliers are from Ireland and selling is in Ireland and probably in EU contries