Billy Kelleher
Question:87. Deputy Billy Kelleher asked the Minister for Finance his views on correspondence (details supplied) regarding the issues a company is having doing business as a start-up here. [32139/18]
View answerThursday, 12 July 2018
Questions (87)
Written answers
I am advised by Revenue that the company in question recently applied to register for employer’s PAYE/PRSI and Value Added Tax (VAT). The company was immediately registered as an employer but the VAT application was selected for a routine pre-registration inspection in line with Revenue’s risk management protocols for VAT registration.
The company did not demonstrate sufficient capacity to start trading during the pre-registration visit and the VAT registration application was not processed on the basis that there was no taxable activity taking place. Revenue confirmed the position to the company on 3 July 2018 but also advised that the application could be re-submitted once the company is in a position to demonstrate sufficient capacity to start trading.