Topic: I have rental income , should I register for VAT
Company A owns a property. It rents the property out for residential use to a private individual. Rental income earned is £100,000 per annum. Does the company A need to register for Vat. If so does it need to charge Vat.
Now Company A additionally provides some project management services. Income from fees invoice is £50,000 per annum.
Does company A need to reigister for VAT?
If so does it now need to charge Vat on rental
Company A additionally purchases items for clients. Disbursements are repaid to company A. If the sum of disbursements and project management income is more than &85000 does company a need to register for vat?