Registering For Tax In Ireland

If you’re setting up a limited company in Ireland, you will need to register for tax. In fact, you may have to register for 3 or 4 different kinds of taxes or levies. This depends on the size and type of your business and what sector you belong to and therefore tax registration may involve different steps for you.

Tax registration for one or more taxes can be time-consuming and complicated. This can be challenging at a time when you want to focus on getting your goods or services out to customers. To help company startups, Accountant Online will complete all your tax registration processes for you so you can focus on other aspects.

Our Tax Registration Services

Every business in Ireland must register for tax. This applies whether you are a resident Irish company, non-resident company or sole trader. We provide a comprehensive range of tax registration services to cover all of your business needs. These include:

Corporation Tax

This includes registering your company for Corporation Tax. Do you know if your company can qualify for 12.5% corporation tax in Ireland? Even if you do not qualify for 12.5% Corporation Tax, you still need to register your company for tax at the 25% rate.

Tax Registration For Resident Directors Of Irish Companies

Are you a director who is resident in Ireland and has a PPS number? Accountant Online can complete your Tax Registration using our direct connection to ROS (Revenue’s Online Service). When you become a client of Accountant Online, you can authorise us via ‘Agent Link’ to act on your behalf on the Revenue’s website.

Tax Registration For Non-Resident Directors Of Irish Companies

Are you an Irish citizen who is resident outside of Ireland who has a PPS number? We can register your company for tax quickly online. If you are a non-resident director who does not have a PPS number, the process is a little different. But we can complete the necessary TR2 Form on your behalf.

Sole Traders And Self-Assessed Tax

Sole Traders in Ireland need to register for Self-Assessment Tax. You will need a PPS number and live in Ireland to register for tax as a sole trader. After that, we will handle the process for you. We act as an authorised agent on your behalf and complete the tax registration on the Revenue’s website.

Registering for Tax in Ireland - Accountant Online will do it all for you so you can get on with running your new business
Registering for Tax in Ireland – Accountant Online will do it all for you so you can get on with running your new business

VAT Registration Ireland

What Is VAT?

Value Added Tax (VAT) is a tax on the goods or services your company or business supplies. Some business owners prefer to be registered for VAT. They might want to reclaim the VAT they pay out on goods or services they receive, or to be zero-rated in other EU countries.

Accountant Online will handle your VAT registration process for you and file your VAT returns: Once you are registered for VAT you are obliged to file VAT returns (usually bi-monthly or quarterly) to Revenue.

Do I Need To Register For VAT? VAT Registration Threshold Ireland

It is a legal requirement for your company or business to register for VAT if over the course of 12 months, turnover is greater than €37,500 for supplying services, or over €75,000 for the supply of goods. This is a rolling 12 months, not annual, which means that if your business is likely to exceed these VAT thresholds at any time, you should register for VAT.

VAT applies to limited companies and sole traders who exceed or are likely to exceed the VAT threshold. If you’re unsure about whether your business should apply for a VAT number, speak to your accountant and they can advise you.

How To Register For VAT In Ireland?

Revenue may not agree to give you a VAT number unless they are satisfied that you have a ‘VAT-able’ activity in Ireland. Therefore, you need to demonstrate that your company is trading in Ireland. You can do this by, e.g. producing a sales contract with an Irish company, or invoices for sales to Irish customers. Confused about whether you will qualify for a VAT number in Ireland? Speak to your accountant and let them know your current situation.

If you are registered for VAT, you need to charge VAT on your goods or services. Depending on the threshold of each country you supply your goods or services to, you may need to register in more than one state.

Sole traders and limited companies need to register for VAT if they exceed or are likely to exceed the VAT thresholds
Sole traders and limited companies need to register for VAT if they exceed or are likely to exceed the VAT thresholds

Registration For Employment Taxes

If your company or business has employees, then we register your business as an employer.  Perhaps you don’t yet have staff but intend to take on employees – then please note that you have to inform Revenue within 9 days of the employee’s starting date. Once you are registered as an employer, your business is liable to pay PAYE (Pay as You Earn) or PRSI (social insurance contributions), PRSI & USC (Universal Social Charge) on all staff salaries.

It’s also worth noting that all registered employers are required to file monthly or quarterly P30 forms – if you need help with these, check out our small business packages which cover wider accounting and payroll services.

Relevant Contracts Tax (RCT)

Relevant Contracts Tax applies where a principal contractor is paying a sub-contractor for carrying out or supplying labour in ‘relevant’ sectors such as construction, forestry, and the meat processing industry. As a principal contractor, you need to file the contract on the Revenue system. Your dedicated accountant at Accountant Online will complete this on your behalf.

Benefits Of Using Our Tax Registration Services

There are three main ways you can benefit from using Accountant Online’s Tax Registration services:

1. Save Time

There are a lot of demands on your time when you are setting up a new business. Registering for one or more taxes or levies can be time-consuming. This is particularly true when you are not familiar with the forms or processes involved. You can save lots of time by letting Accountant Online do it for you. If you’re coming to us for company registration, we can begin working on your tax registration once your company has been incorporated.

2. Peace Of Mind

There is a lot to be said for leaving it to the experts. Our team of Chartered and Certified professionals have the skills and expertise you need. They will make sure to gather the correct information and enter it into all the necessary forms which need to be filed, as part of the tax registration process.

3. Avoid Fines Or Prosecution

Once we register you for all the relevant taxes and levies, we take on the role of acting as your accountant and will notify you of any due dates or deadlines. This will make sure you comply with Revenue’s requirements and avoid fines or prosecutions.

Tax Registration service

If you’d like to talk to us about tax registration services, you can email us at hello@accountantonline.ie or call us on IRE 01 905 9364 or UK 028 71337777. You can find us on TwitterFacebook and LinkedIn too.