Unfortunately you will just have to pay the VAT if you are not prepared to register for VAT. Depends on what you are planning on working at. If going contracting etc you will probably be obliged to be registered but if a suckler farmer it might not be suitable to be VAT registered.What is the best way of dealing with VAT on second hand machinery when not VAT registered? E.g if starting out on your own how do you get started buying equipment without being able to claim the VAT back? Or just better off paying it?
Some secondhand machinery for sale in Ireland already has the vat paid so you can’t claim it back even if you’re vat registered.What is the best way of dealing with VAT on second hand machinery when not VAT registered? E.g if starting out on your own how do you get started buying equipment without being able to claim the VAT back? Or just better off paying it?
How does that vat margin scheme work?Some secondhand machinery for sale in Ireland already has the vat paid so you can’t claim it back even if you’re vat registered.
Thats as i understand it, and only effects dealers/traders really.I think Vat margin is where a vat registered buyer buys an item from non vat registered party and then sells it on. Vat is only payable by them on the increase in value.
If buying inside the EU vendors do not charge VAT if you can provide a valid EU vat number. Perhaps you can submit a claim to that country retrospectively, never tried nor heard of anyone who tried. There is enough hassle with IE vat without having to go and make a claim in germany etc, that said as we are EU members, you are probably correct, i’d guess you could claim it back.Surely when buying abroad if in Europe you are zero rated or if charged you can submit a claim to that country directly. If outside Europe it should be zero vat anyway on goods for export and then at is payable at import point.
Is there not something about get vat zeroed in Germany, if it’s from a farmer you have to pay the vat , dealers can zero and there is also 2 rates of vat , thought I was told not to many German farmers are vat registeredIf buying inside the EU vendors do not charge VAT if you can provide a valid EU vat number. Perhaps you can submit a claim to that country retrospectively, never tried nor heard of anyone who tried. There is enough hassle with IE vat without having to go and make a claim in germany etc, that said as we are EU members, you are probably correct, i’d guess you could claim it back.
if outside the EU the vendor does not charge VAT as generally they get zero rate for export, but then you pay VAT along with import duties when it arrives in ROI. This could be claimed back as usual through revenue.
You got me there. I only used germany as an example, i don’t know the ins and outs of their system specifically.Is there not something about get vat zeroed in Germany, if it’s from a farmer you have to pay the vat , dealers can zero and there is also 2 rates of vat , thought I was told not to many German farmers are vat registered