Dáil Éireann Debate, Tuesday - 23 September 2014
170. Deputy Michael McCarthy asked the Minister for Finance his views on raising the current VAT registration threshold given that it places a significant financial burden on new small independent retailers. [35709/14]
View answerVAT registration thresholds provide a mechanism for exempting business with a low turnover from having to register for VAT. This reduces the administrative burden on both small businesses often at the developmental stage and on the Revenue Commissioners. The VAT registration thresholds for small businesses are currently €37,500 in the case of a person supplying services and €75,000 in the case of person supplying goods.
With regard to increasing the thresholds, it is not the practice to comment on what measures may or may not be introduced in advance of the Budget.
