Do we need to register for VAT?

[Telson]

Hi, as a small company we let our building to small offices, with annual income expected to be max. £30000. Do we need to register for VAT as it is less than £80000.

 

[WaveJumper]

Register for VAT

How to register for VAT, change your details, cancel your registration, register for VAT in EU countries.

www.gov.uk

 

[NicoJ]

Property VAT can be a bit complicated. If your building is not opted to tax (if you don't know what that means then it probably isn't but never assume) then you would never charge VAT on the rent regardless of exceeding the threshold.

 

[Bobbo]

It's not entirely clear from your post, is the letting of this building the only thing the company does?

(the 'our building' makes it sound like a company operates from a building and lets surplus space to other businesses.)

As NicoJ pointed out, renting of non-residential property is generally VAT exempt unless the building is opted to tax.

 

[SteveHa]

As NicoJ pointed out, renting of non-residential property is generally VAT exempt unless the building is opted to tax.

Unless it's holiday lettings.

 

[Paul Kelly ICHYB]

The bottom line is no, however, without a lot more information, no one should give a definitive answer.

What has your accountant suggected?

 

[lesvatadvice]

Did you pay VAT on the purchase of the offices?
Does your company occupy part of the offices?