Vat on imported goods

[durkin01]

Hi all,

My brother and I are in the process of setting up a business that sells a physical product and we just received our first stock load and it was welcomed to Ireland with a import/duty payment.

My main question is, after paying the VAT on the import, on our online store must I ask the customer to pay VAT on each product?

If vat must be paid on each product sold, what would be a clever way to do this would unloading extra charges at checkout?

Any help understanding selling of physical goods would be much appreciated.

Thanks.

 

[vandriver]

Are you registered for VAT?
Will you pass the sales threshold for mandatory VAT registration?

 

[durkin01]

Are you registered for VAT?
Will you pass the sales threshold for mandatory VAT registration?

We are not registered for VAT and I don't know if we will pass the 37k threshold this year.

Is there any need to worry about the VAT then in this case when selling the product?

 

[RedOnion]

the 37k threshold this year

For goods, the threshold is 75k. But that's in a rolling 12 month period.

There are some other criteria that might make it mandatory to register:

What are the VAT thresholds?

This page explains the VAT registration thresholds when you are obliged to register for VAT.

www.revenue.ie

 

[Purple]

My brother and I are in the process of setting up a business that sells a physical product and we just received our first stock load and it was welcomed to Ireland with a import/duty payment.

My main question is, after paying the VAT on the import, on our online store must I ask the customer to pay VAT on each product?

It's great to see people starting businesses but isn't this the sort of thing that you should know before you order goods?
Good information on business taxation here.