Recent content by SelfEmployedToast

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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    I do use accounting software - I just wasn't sure if I needed to notify HMRC that my clientele reside outside of the EU. Thank you for the information though!
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Haha yep good point. I’ve been to one before but he didn’t have any experience with cryptocurrency unfortunately.
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Thank you!
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Great, good to know for the future. Thank you.
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    My bad, you are correct. In that case, I did not go over the threshold in June. That's good to know. I agree with you and the others recommending an accountant. I'll definitely look into it. Thank you!
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    I'm aware - I've just heard some horror stories about HMRC investigations so I would rather not deal with one haha! Thank you for the advice though. Apologies, it was a typo. I was at £88k, hence the £3k figure. All that is profit. I agree in regards to an Ltd. It's something I've been...
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    I think that is my best option. Thank you. Yes, you are correct. I've set aside the money to pay NI / Income Tax, but didn't account for the VAT needed. I am a higher income tax rate payer, yes. I agree that an accountant would be useful. However, will it help to have an accountant for this...
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Okay, thank you a lot for your help. All of my work is conducted outside of the EU so that is good to know. Do you think it's likely that I will be investigated due to my age, income, and not having to pay VAT? I have all the appropriate documentation and save all receipts / invoices, it just...
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Software development, website development. Also maintenance of them. If this were the case, how would I go about marking the income as originating from a country outside of the EU?
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Thank you for your reply. Yes, it is only £3000 above the threshold. Fortunately (and in this case unfortunately) I have next to no business expenses which means I'm not able to cancel this £3000 out. I work from home in IT. This was a one off at the time, for the subsequent months other than...
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    Forgot to register for VAT (Self employed, £3,000 above threshold)

    Hi, I was going over my accounts earlier as I thought I needed to register for VAT at the end of the month. Unfortunately, I've realised that I performed a calculation error and I needed to register in June! How would I go about notifying HMRC that I missed when I needed to register? I'm...
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