vat

  1. C

    Sole-trader billing customer VAT unregistered

    Good day, This is more of a sanity check so please bear with me. I am a sole trader and VAT unregistered with no chance of exceeding the threshold any time soon. I am importing goods on DDP incoterms from china into the UK to my storage. At this point, my supplier will have paid all customs...
  2. What to do if your business is hitting the VAT threshold

    What to do if your business is hitting the VAT threshold

    For many small businesses, hitting the VAT threshold is a challenge. Whilst growing your business and increasing turnover are signs of success, some may find themselves worse off after they start paying VAT. In this article, we’ll take a look at the rules – including when you need to register...
  3. S

    Pros and cons of derigesting to VAT when setting company dormant

    Hi: I would like to set my limited company dormant before eventually closing it in few months. The company was created to work as a freelancer. Since I haven't had any contract for few months, I'm considering to go through the above path. I red...
  4. YorkshireYoda

    Sole Trader - VAT reg? brain boggled

    I keep going around in circles trying to workout the best route and my mind is spinning a little now. The context is my wife (who is currently PAYE) is setting up her own independent community nurse practitioner service. So private nursing services paid by the customer and also (hopefully)...
  5. M

    Selling Digital Service to EU consumers?

    Hi all, We are uk vat-registered limited company. We sell a digital service mainly to USA consumers. Looking at our figures - we would get about 26 sales to EU customers from 16 different EU countries (E.g 2x per month from Spain) Am I right that now we are no longer in the EU - we would...
  6. T

    UPS Import Charges Paid - is this duty or VAT?

    I've purchased some products from a supplier in Denmark, and based on the commodity code of the goods and the location of the supplier, was not expecting any duty to be paid. However UPS have charged me import charges totalling £203.51, made up of "Government charges" and a small "Brokerage...
  7. B

    Registering for VAT - fixed establishment

    Hello, I'm in the process of registering for VAT and the first question asked while doing so is the below; Does the business have a fixed establishment in the UK or Isle of Man? A UK or Isle of Man establishment exists if either the: place where essential management decisions are made and...
  8. J

    Processing Fees Passed On to Service Supplier - Use Case

    To be as concise and clear as possible, I will just drop a use case here. Thank you. I am a Business (A) supplying services to a EU company (B). B pays me using an e-wallet service (C). C is withholding a charge deducted from the amount sent before it reaches A's e-wallet, so if A charges 100...
  9. S

    Registering for VAT?

    Hi, I setup a new company in United Kingdom England which will be online retail shop with products directly from manufacturer brands. Issue I have, is that supplier says I have to be VAT registered before they can do business with me. As a new startup, how do I get required information for HRMC...
  10. Veloci10

    Registering for VAT - Employed and Sole Trader

    Hi All, I’m currently employed, earning ~£55k. I also run a side business as a sole trader, which has picked up in the last 12-24 months. What I would like some help to understand is at what point would I need to register for VAT? I see the current threshold is £85k; but is that purely from...
  11. U

    Rishi Sunaks 0% VAT initiative

    Hi everyone, I've just started up an Air Conditioning business. I have one main finance/account question that I cannot find a good answer for. Installing air con falls under Rishi Sunaks 0% VAT scheme. 1. Do I still pay VAT when I buy the air con unit? If so, do I then claim that VAT back...
  12. T

    VAT and GST on goods sold from UK to Jersey

    When making a B2B sale from UK to Jersey, I understand that the sale is zero-rated for UK VAT, but the courier is charging a fee for 'Local VAT' - if I pay this, which box on the VAT return should it be posted to - or should I choose the option for the recipient to cover the charges? (would they...
  13. C

    Concert Tickets, VAT, sales to the EU, Switzerland

    Hello Let's start from this: - Small limited company dealing in concert tickets - I am the only director and the only shareholder - Only very small turnover, as I only do it on the side (last year around 18,000 turnover). - This year more turnover, hopefully at least 80k - No VAT number...
  14. G

    HMRC making bankrupt for bill I don’t owe

    Please help. HMRC are chasing me for a VAT bill I don’t owe them relating to a business I had many years ago. I’ve never earned enough or was required to be VAT registered. When I had the business their own inspectors visited on a number of occasions and were satisfied with how the business was...
  15. boogieboa

    VAT on China orders via Alibaba

    I’m based in the UK and order items from China via Alibaba. Can I get tax exemption on purchases for resale if my business is not registered for VAT?
  16. M

    Registering for VAT

    Hi all, was hoping for some advice, basically I am reading and studying arbitrage, and was looking at getting items from wholesalers, unfortunately most of them require a valid VAT number. I understand it is easy enough to get one but I work full time on a salary. Would it affect my salary...
  17. fantheflames

    Does the UKBF include VAT?

    Recently signed up for the UKBF membership. Apologies if this is obvious, and wanted to check with the community. Does the £99 UKBF membership include VAT? TIA
  18. Understanding VAT: Buying and selling in the UK and abroad

    Understanding VAT: Buying and selling in the UK and abroad

    If you’re setting up a business for the first time and are looking to buy and sell goods within the UK or overseas, chances are you’ll need to get clued up on all things VAT. In this guide, we’ll answer some of the most common questions relating to VAT for businesses in the UK, and what you...
  19. J

    I want to stop being self employed.

    I have stopped my e-commerce business on eBay since 20th November 2022. I am currently VAT registered and done my recent quarterly VAT for the month August, September and October. For the month of November I didn't have a single sale. Do I still need to do the next quarterly VAT ? I am still...
  20. L

    Requirements for non-domestic reverse charge invoices

    Hi, My name is Alex, our company is B2B and B2C designing services. We are planning to open a business in the UK and become VAT registered as well. We deal with a lot of supplies from non-EU/EU countries on which the reverse charge procedure will be applied. Unfortunately, we have not found...
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