Ltd Company

[BLANS]

Does anyone know if u own a limited company and u want to travel for business reason or u want to buy something for your business do u need to pay the VAT as well ?

Thanks

 

[Christine Hough]

Whether or not you are a limited company you pay VAT for purchases in the UK.

If you are VAT registered ( sole trader or LTD co) then you can reclaim the VAT on purchase, but of course pay the VAT you have collected on sales to the tax man.

It's not to do with being LTD.
It's to do with whether you are registered, which is compulsory if your turnover is over the threshold (about £70k per year)

 

[BLANS]

1)if your expenses occured in abroad???do u also need to pay VAT there? +
2)if your clients abroad ask you for an invoice for the service provided what is the procces that u need to follow......thank u to anyone separetaly...I just want to open a business and ukbusinessforums is the right place to get some initial advices...thank u all again.....