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bigduckontax, Accountant
Category: Tax
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I am a director of a company registered in Ireland. Our busines

Customer Question

I am a director of a company registered in Ireland. Our busines involves importation into Ireland from outside the EU with onward selling to UK, Ireland and other EU customers. Recently we have imported product directly into the UK for onward selling to UK customers.
Are we required to register for VAT in the UK bearing in mind that the company is already registered for VAT in Ireland?
Submitted: 3 years ago.
Category: Tax
Expert:  bigduckontax replied 3 years ago.
Hello, I'm Keith and happy to help you with your question.
I am of the opinion that registration is not required particularly if the item is under 81K in value. On importation to the UK Customs may have imposed import duty and VAT. The duty forms part of the cost of sales as does the VAT unless the UK arm is registered for VAT in which case the Customs imposed VAt can be reclaimed as input tax. If you are selling on to a commercial organisation cash flow could be eased by registration, charging output VAT on the item and claiming the input tax.
Does that assist you in this matter?