Do I need to register for VAT as a sole trader?
As a Sole Trader you may need to register for VAT. It depends on your level of sales within a 12-month period and if you are selling physical goods or services.
The VAT registration limits are as follows:
- Services – €37,500 in sales within a 12-month rolling period
- Goods – €75,000 in sales within a 12-month rolling period
If you breach these limits, or think you are close to breaching them, you will need to register for VAT on www.ros.ie
You then need to file VAT returns (normally every 2 months) and pay any VAT owed over to Revenue – so it’s best to keep an eye on cash flow and ensure you have this cash to pay.
You will also need to register for employer taxes if you plan on employing staff.
Products related to this post:
Union VAT OSS Registration (in Ireland)€150.00
Union VAT MOSS Registration (in Ireland)€150.00
STARTER PACK: Irish Tax Registrations (for new companies)€450.00 – €1,050.00
non-Union VAT MOSS Registration (in Ireland)€300.00
Sole Trader/Company Director Income Tax Registration (with ROS)€150.00
VAT Registration (in Ireland)€150.00 – €300.00
Business Name Registration (in Ireland)€150.00