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VAT | Value-Added-Tax Registration in Ireland

We understand that starting a business can be challenging. Our fees are affordable and come with excellent customer service.

Overview

What You Should Know About VAT Registration in Ireland

VAT or Value Added Tax in the EU is generally adopted consumption tax assessed on the added value of all goods and services. Once you register for VAT in Ireland, you are obliged to charge VAT on products and services you sell. VAT registration can be a tricky topic because it involves lots of different scenarios and legal considerations. Let’s clarify the key points about VAT registration in Ireland. 

Legal Requirements for VAT Registration in Ireland

Generally, one should register for VAT in Ireland if they are Irish accountable persons. Additionally, Irish VAT registration is mandatory if you meet the following criteria:

  • Intra-Community Acquisition (ICA). In simple words, in receipt of goods from other EU member states over the value of €41,000.
  • In receipt of services from outside Ireland that are being used on the Irish territory.
  • Businesses registered in Ireland if their 12-month turnover (not the calendar year) from supplying services reaches or exceeds €40.000
  • Business registered in Ireland if their 12-month turnover (not the calendar year) from supplying goods reaches or exceeds €80.000.
  • Taxable persons making mail-order or intra-Community distance sales of goods and cross-border TBE (Telecommunications, Broadcasting, and Electronic) services into the State whose 12-months turnover reacher or exceeds €10,000. 

In all other cases, businesses can choose to register for VAT voluntarily – and here’s how you complete VAT registraion in 4 simple steps.

Need to register for VAT in another EU country? Chern&Co can assist you with VAT registration in Germany!

Benefits of Being Registered for Vat

 There are three great benefits of being VAT registered that businesses can enjoy. 

Increased Credibility 

Displaying your VAT number on all official documentation, website, and stationery will give your business a more trustworthy image. Most people are aware of the VAT threshold so you give customers a more realistic image of what you are. 

You Can Claim VAT Refunds

Once registered, you can demand refunds for all goods and services your business acquires. This is how your selling price remains competitive and you are able to recover from VAT on your costs. 

You Can Reclaim VAT Refunds from the Past

You can reclaim VAT for certain items you purchased prior to registration. This requires a business to be operating for this length of time and keeping the VAT invoices and records for the period. 

VAT Tax Rate in Ireland

The current standard Vat rate in Ireland is 23%. The reduced rate of 13,5% is applied to newspapers and magazines, hairdressing and barbering services, most sports and leisure services, such as gym memberships and swimming pool entry, etc. The second reduced rate of Value-Added Tax is 9% and applies to gas and electricity supplies. The subjects of zero rate of VAT are certain oral medicine, certain animal feeding stuff, children’s clothing and footwear, etc. From January 1st 2024, 0% VAT rate also applies to supply of electronic books and audio books and supply and installation of solar panels on school buildings.

Looking for VAT registration outside EU? Chern & Co can help you with VAT registration in Great Britain as well!

Irish VAT Registration Process

To receive a VAT number in Ireland, you need to submit an application to the Irish Revenue and show evidence that you trade in Ireland. Here is the basic package of proofs to gather:

  • business owners or directors live in Ireland;
  • invoices from Irish suppliers and customers;
  • you have a physical, not the virtual office in Ireland.

If the Revenue rejects your application, you can re-submit at a later stage when you gather all relevant documents. 

Why Should I Register for VAT in Ireland with Chern & Co

At Chern&Co we believe that VAT registration does not need to be a headache. At an affordable price, we help businesses register for VAT in the state. The benefits of working with us include but not limited to:

  • Undeniable expertness: for over 13 years in the industry we successfully handled over 200 VAT cases.
  • Affordable rates: our superb customer services and deep expertise come at affordable prices.
  • No hidden costs: the cost of VAT registration in Ireland with Chern & Co already includes all state fees.
  • Full guidance and throughout support: we take care of all the legal processes required to have you registered for value added tax in Ireland.
  • Multi-lingual support: we speak several languages including Ukrainian and Russian.

Do not hesitate to contact our managers now to get a private free consultation. *Please, keep in mind that the cost of 350€ is only applicable to Irish residents and their companies. The cost of registration for non-Irish residents and their companies is 500€ (state fees included). 

VAT | Value-Added-Tax Registration in Ireland

What’s Included:

  • Assistance with preparation
  • Filing of all necessary documents for VAT IE registration

What You Need To Know

Frequently Asked Questions

Setting up a company in Ireland carries plenty of benefits. These are the smooth process of annual returns submission, low Ireland corporate tax rate (lowest in the EU), official documentation in English, access to the European market, the brilliant reputation of Ireland as a business-friendly country, availability of progressive and educated workforce.

It takes just a few hours to fill in and prepare necessary company documents and forms. Once documents are submitted to the CRO, it usually takes 3-5 days to issue a company registration number. Due to the impact of Covid-19, the Companies Registration Office may process applications for up to 2 weeks.

Yes, there is no need to physically come to Ireland to set up a company. Certainly, you are more than welcome to visit the country. It’s beautiful! Forms are uploaded digitally using scanned pdf files of original signatures. Please note, CRO does not accept digital signatures done by typing a name or drawing a signature.

A company is a legal entity separate and distinct from those who own or run it. In order to incorporate a company a Form A1 shall be filled in and submitted together with a Constitution to the Registrar of Companies with scanned signed originals. Anyone can register a company themselves. However, it is advised to use a professional to ensure compliance with the Companies Act 2014. Each company must have a director and a secretary, must carry business in the state and have a registered office address in Ireland.

Limited company is a separate entity from a legal person. Ltd companies are limited by shares. If business is liquidated, the company’s liabilities are treated separately to those of its shareholders and directors, in a way, protecting them from debt and financial losses of the business itself. Partnerships, on the other hand, have limited and unlimited partners who are treated as legal persons. Unlimited partners are responsible for all debt and liabilities accrued by the business.

A company can be closed or wound up by a process called Voluntary Strike-Off. This is a quick and easy way to dissolve the company without any consequences for the founders and directors. Both trading and non-trading companies can be closed. The main criteria for eligibility would be no debts and no assets above €150. If this condition is not met, the company shall be liquidated or will be struck off the register by CRO by a process called Involuntary Strike Off with possibility of fine. Book in a free consultation to discuss winding up of your company.

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18 Mallow Street Upper
Limerick
V94 N12Y

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Company Registration: 604324

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