Are you a self-employed artist? Do you need to register for VAT? Fear not, we have prepared a simple but essential guide to VAT for artists that covers all the general rules and administration. Here you will learn if you need to register for VAT, how to go about registering, what are the VAT rates, how VAT relates to the Artists Exemption Scheme, VAT and selling your work outside of Ireland, how to charge VAT on sales and expenses, VIES & Intrastat Returns and The Margin Scheme – an industry specific scheme often used by galleries.
One of the most significant changes to VAT in recent years and one that may affect many Irish artists is a change to the UK VAT rules: Since 1st December 2012 if you sell any amount of goods within the UK you must register for and charge UK VAT at 20% on all UK sales. This means if you are selling your artwork from a UK location, you must register for and account for UK VAT on all such sales. Our essential guide covers this in more detail….