Denis Naughten (Roscommon-South Leitrim, Independent)
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22. To ask the Minister for Finance the reason for the anomaly between the value added tax registration threshold for the sale of services and the sale of goods; if he will review this anomaly; and if he will make a statement on the matter. [40350/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the annual turnover threshold for VAT registration depends on the nature of the business carried on. In general, there are two thresholds: the goods threshold, which is currently €75,000, and the services threshold, which is €37,500. These thresholds were increased to their current values in the Finance Act 2008.   

Different VAT registration thresholds for the supply of goods and services are a feature of the EU VAT Directive and Irish VAT legislation and reflect the profound difference between the two supplies; in general, the value added in relation to the supply of goods will be much smaller relative to turnover compared with a supply of services.