Jimmy Magee
Well-Known Member
Has anyone here ever registered themselves VATwise? If so, is there much involved for small-time mullahs like ourselves?
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Surely not as much of a pian as givin vatman 21% of everything I spend on recordin etc etc...and then not recouping any vat on record sales neither (although this is curiously less of an issue)Chocohead said:its a doddle to get registered, but do you HAVE to? its a pain in the arse giving vatman 21% of everything you bring in - as well as filling in those returns every 8-10 weeks
http://www.revenue.ie/ should have all the info
in order for the vatman to be interested in cd sales, you have to sell over 51,000euros worth of cds every yearChocohead said:record sales have vat built in though dont they? Ive no idea how one approaches vat and music. unless of course it was a vat of jamesons
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