I am a self employed consultant and charge VAT on my services because my turnover is more than the €37,500 threshold.
My husband, who has been unemployed for the last 6 months, is starting to pick up some handy-man type work on a self-employed basis. His turnover is likely to be quite small (around €10K in 2011).
Question is... does he need to register for VAT? i.e.
Does the €37,500 threshold apply to each of our businesses separately, or as a couple?
I am a self employed consultant and charge VAT on my services because my turnover is more than the €37,500 threshold.
My husband, who has been unemployed for the last 6 months, is starting to pick up some handy-man type work on a self-employed basis. His turnover is likely to be quite small (around €10K in 2011).
Question is... does he need to register for VAT? i.e.
Does the €37,500 threshold apply to each of our businesses separately, or as a couple?