Help and support for VAT
Date: Thursday 12th March 2020
Time: 10:30am – 11:30am
VAT can be a confusing topic for many Startup companies. Not all companies need to register for VAT and there are different guidelines for certain industries. Our masterclass focuses on when and why you need to register and what you need to do once you’re registered for VAT.
Join Chartered Accountant, Tom Francis, for an exclusive webinar to learn about the VAT system in Ireland and how to charge VAT on your goods or services.
What you'll learn
VAT registration process
When and how to register for VAT in Ireland
When you register for VAT, you need to add VAT to your goods and services. You also need to file VAT returns bi-monthly.
What rate of VAT should you charge
There are different rates of VAT depending on the industry your company is in.
How to create a VAT invoice
How to prepare a VAT invoice for Revenue Commissioner.
Consequences for non-compliance with VAT leglislation
Late filing and payment of VAT can result in your company paying interest to tax liability. You could also incur a fine of up to €4,000 if you fail to register for VAT when you are legally required to do so.
Revenue has a mini-one-stop-shop (MOSS) scheme that offers a simplification of the VAT process. Although it is used to remove administration burden, there are certain guidelines around the use of VAT MOSS which should be understood before registering.
More Startup Masterclasses available
We're delighted to host a range of other Startup Masterclasses you can register for.
How To Get Bookkeeping Right From The Beginning
Organised books and records are essential to maintaining accurate financial statements for the company. Find out how to keep good records and our tips for efficiently keeping your bookkeeping up to date.Register for Bookkeeping Masterclass now
How Do I Pay Myself From My Irish Company?
There are many ways you can take money out of your business and it may depend on your personal circumstances how you wish to do so. This masterclass takes you through everything you need to know about taking money out of your company in tax efficient ways.Register for Paying Yourself Masterclass now