vat threshold

eddie7

Registered User
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62
vat threshold for services is 37500 and products 70000, if i just supply services and turnover is less then 37500 i dont have to register for vat. what if i have 33000 services and 15k products supplied, do i have to register for vat?
 
1) Threshold for sale of goods is €75,000 from 01/05/08 not €70,000. Threshold for services is €37,500 as stated.

2) If both sales of goods and services are involved then the lower threshold applies unless 90% or more of the sales are from sale of goods.

See page 21 of the "Guide to Value Added Tax" on www.revenue.ie
 
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