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Yay, I understand now! :D I should be able to get away without worrying about VAT registration for a year or so. :)
I will have to keep an eye on the distance selling threshold for my EU sales, but do not think this will be an isue as I do not sell a great deal to any EU country in particular...
Thanks that makes a bit more sense now :)
Almost all of my customers are private individuals.
So, if I have understood it correct... Providing my taxable supplies in the UK do not exceed the threshold then I do not need to register?
Thanks, had a look at that already, but the use of the term 'supplies' rather than 'sales' is confusing me. But to to me it seems to imply that I do not include the international sales when finding my VAT taxable turnover.
Oh sorry, I am selling goods (camcorders) on the internet.
Thanks again...
On ebay offering free shipping automatically gets you 5 star DSR's in the postage category. I found this useful as I found my postage DSR was generally the lowest, so then started offering free postage on some items to boost this.
Although I have not yet exceeded £73,000 turnover it looks likely that if my sales continue at the current rate I will do so before the end of my first year of trading.
However many of my sales are to international customers both inside and outside of the EU.
Do these international sales count...
Thanks for the replies. I did believe that was the case, But I couldn't find anywhere online stating it.
I forgot to mention my employee will also meet all the other criteria required for myself not to register as an employer.
Hello all, I originally posted this in the 'legal' section but was told here may be better,
I am currently considering employing somebody, however do not need to register as an employer as they will be paid less than the lower earnings limit.
I will be getting the employee to fill in a P46 and...
Thanks for replying,
As far as I am aware I will just be filling in my tax return with wages as an expense.
I'm self employed turning over less than £68,000 if that helps.
Hello all,
I am currently considering employing somebody, however do not need to register as an employer as they will be paid less than the lower earnings limit.
I will be getting the employee to fill in a P46 and will maintain records of the amount paid each week.
I am unsure what other...