How can I calculate turnover per calendar year if the activities of my company begin during the year, not at the start of a new year?
The threshold for small-scale activity is fixed at €20,000 although a company might begin its business part way through the year.
Example: A business started in the middle of the calendar year and its first accounting period in accordance with the Accounting Act is 1 July 2025 — 31 December 2025. During the 2025 calendar year, this business will only reach €16,000 in turnover. This means that there is no need to submit an application for VAT registration.
Some companies start up with a first accounting period longer than 12 months. In this case, the question of whether the company will go over the threshold is still answered based on the turnover earned during one calendar year.
Page last updated 1/2/2025